Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$0$0$143,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$143,910$0
Funding fee$0$0$0
Note rate3%3%7.24%
Blended rate3.85%8%7.48%
1st payment$0.00$0.00$980.74
2nd payment$0.00$959.40$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.78
HOA / mo$607.00$607.00$607.00
Total monthly$845.08$1,804.48$1,854.61
Cash to close$159,900$15,990$15,990