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$187,028$187,028$269,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$82,882$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.492%7.640%
1st payment$1,120.37$1,120.37$1,868.80
2nd payment$0.00$621.62$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$156.08$156.08$53.98
HOA / mo$125.00$125.00$125.00
Total monthly$1,667.53$2,289.15$2,313.87
Cash to close$112,872$29,990$29,990