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$178,927$178,927$260,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$81,173$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.327%7.640%
1st payment$848.67$848.67$1,800.88
2nd payment$0.00$608.80$0.00
Taxes / mo$480.04$480.04$480.04
Insurance / mo$150.00$150.00$150.00
MI / mo$146.11$146.11$52.02
HOA / mo$13.00$13.00$13.00
Total monthly$1,637.82$2,246.62$2,495.94
Cash to close$110,073$28,900$28,900