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$153,957$153,957$252,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$98,043$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.226%7.640%
1st payment$816.20$816.20$1,744.80
2nd payment$0.00$735.32$0.00
Taxes / mo$216.83$216.83$216.83
Insurance / mo$150.00$150.00$150.00
MI / mo$127.01$127.01$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,310.03$2,045.36$2,162.03
Cash to close$126,043$28,000$28,000