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$188,279$188,279$337,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$149,131$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.539%7.640%
1st payment$879.93$879.93$2,336.16
2nd payment$0.00$994.21$0.00
Taxes / mo$303.27$303.27$303.27
Insurance / mo$150.00$150.00$150.00
MI / mo$152.87$152.87$67.48
HOA / mo$72.33$72.33$72.33
Total monthly$1,558.40$2,552.61$2,929.24
Cash to close$186,621$37,490$37,490