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$152,803$152,803$179,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$27,107$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%4.906%7.640%
1st payment$776.53$776.53$1,245.66
2nd payment$0.00$203.30$0.00
Taxes / mo$222.58$222.58$222.58
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$35.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,274.23$1,477.54$1,654.23
Cash to close$47,097$19,990$19,990