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$181,907$181,907$269,991
Remaining term (yrs)22.222.230.0
Secondary amount$0$88,084$0
Funding fee$0$0$0
Note rate4.800%4.800%7.400%
Blended rate5.650%6.743%7.640%
1st payment$1,107.59$1,107.59$1,869.36
2nd payment$0.00$660.63$0.00
Taxes / mo$281.75$281.75$281.75
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$54.00
HOA / mo$230.00$230.00$230.00
Total monthly$1,918.88$2,579.51$2,585.11
Cash to close$118,083$29,999$29,999