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$193,849$193,849$296,999
Remaining term (yrs)25.225.230.0
Secondary amount$0$103,150$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.363%7.640%
1st payment$922.29$922.29$2,056.36
2nd payment$0.00$687.67$0.00
Taxes / mo$266.75$266.75$266.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,491.83$2,179.50$2,532.51
Cash to close$136,150$33,000$33,000