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$167,775$167,775$503,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$336,135$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%6.505%7.640%
1st payment$831.84$831.84$3,488.97
2nd payment$0.00$2,170.87$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$166.67$166.67$166.67
MI / mo$136.94$136.94$100.78
HOA / mo$466.00$466.00$466.00
Total monthly$1,851.03$4,021.91$4,472.00
Cash to close$392,125$55,990$55,990