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$156,756$156,756$238,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$81,744$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%7.127%7.640%
1st payment$926.64$926.64$1,651.33
2nd payment$0.00$613.08$0.00
Taxes / mo$548.26$548.26$548.26
Insurance / mo$150.00$150.00$150.00
MI / mo$118.20$118.20$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,743.09$2,356.17$2,397.28
Cash to close$108,244$26,500$26,500