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$150,400$150,400$301,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$151,100$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.977%7.640%
1st payment$873.88$873.88$2,087.53
2nd payment$0.00$1,007.33$0.00
Taxes / mo$792.58$792.58$792.58
Insurance / mo$150.00$150.00$150.00
MI / mo$114.01$114.01$60.30
HOA / mo$13.75$13.75$13.75
Total monthly$1,944.22$2,951.56$3,104.16
Cash to close$184,600$33,500$33,500