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$168,386$168,386$278,991
Remaining term (yrs)23.623.630.0
Secondary amount$0$110,605$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.435%7.640%
1st payment$818.15$818.15$1,931.68
2nd payment$0.00$737.37$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.23$139.23$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.64$2,070.00$2,362.73
Cash to close$141,604$30,999$30,999