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$181,736$181,736$269,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$87,364$0
Funding fee$0$0$0
Note rate4.100%4.100%7.400%
Blended rate4.950%6.265%7.640%
1st payment$1,024.80$1,024.80$1,863.19
2nd payment$0.00$655.23$0.00
Taxes / mo$88.00$88.00$88.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.23$150.23$53.82
HOA / mo$190.00$190.00$190.00
Total monthly$1,603.03$2,258.26$2,345.01
Cash to close$117,264$29,900$29,900