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$169,916$169,916$224,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$54,994$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.966%7.640%
1st payment$796.43$796.43$1,557.23
2nd payment$0.00$412.45$0.00
Taxes / mo$318.35$318.35$318.35
Insurance / mo$150.00$150.00$150.00
MI / mo$137.12$137.12$44.98
HOA / mo$91.00$91.00$91.00
Total monthly$1,492.90$1,905.35$2,161.57
Cash to close$79,984$24,990$24,990