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$169,612$169,612$314,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$144,488$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.899%7.640%
1st payment$855.72$855.72$2,174.76
2nd payment$0.00$963.26$0.00
Taxes / mo$668.75$668.75$668.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,813.57$2,776.83$3,056.33
Cash to close$179,388$34,900$34,900