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$94,410
Remaining term (yrs)15.915.930.0
Secondary amount$0$94,410$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%9.000%7.560%
1st payment$0.00$0.00$648.53
2nd payment$0.00$708.07$0.00
Taxes / mo$130.75$130.75$130.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$18.88
HOA / mo$0.00$0.00$0.00
Total monthly$280.75$988.82$948.16
Cash to close$104,900$10,490$10,490