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$0$0$166,410
Remaining term (yrs)——30.0
Secondary amount$0$166,410$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%8.000%7.640%
1st payment$0.00$0.00$1,152.19
2nd payment$0.00$1,109.40$0.00
Taxes / mo$27.50$27.50$27.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.28
HOA / mo$269.00$269.00$269.00
Total monthly$446.50$1,555.90$1,631.97
Cash to close$184,900$18,490$18,490