Realty with JP
Call Jerry

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$171,470$171,470$225,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$53,530$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.456%7.640%
1st payment$892.85$892.85$1,557.85
2nd payment$0.00$401.47$0.00
Taxes / mo$159.17$159.17$159.17
Insurance / mo$150.00$150.00$150.00
MI / mo$140.84$140.84$45.00
HOA / mo$80.00$80.00$80.00
Total monthly$1,422.86$1,824.33$1,992.02
Cash to close$78,530$25,000$25,000