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$160,311$160,311$598,410
Remaining term (yrs)16.016.030.0
Secondary amount$0$438,099$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.853%7.640%
1st payment$1,091.39$1,091.39$4,143.27
2nd payment$0.00$2,829.39$0.00
Taxes / mo$367.67$367.67$367.67
Insurance / mo$166.67$166.67$166.67
MI / mo$171.09$171.09$119.68
HOA / mo$230.00$230.00$230.00
Total monthly$2,026.82$4,856.21$5,027.29
Cash to close$504,589$66,490$66,490