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$185,450$185,450$314,910
Remaining term (yrs)22.322.330.0
Secondary amount$0$129,460$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%6.469%7.640%
1st payment$1,100.94$1,100.94$2,180.37
2nd payment$0.00$863.06$0.00
Taxes / mo$381.00$381.00$381.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.95$2,648.02$2,774.36
Cash to close$164,450$34,990$34,990