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$167,391
Remaining term (yrs)29.829.830.0
Secondary amount$0$167,391$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%8.000%7.640%
1st payment$0.00$0.00$1,158.98
2nd payment$0.00$1,115.94$0.00
Taxes / mo$55.08$55.08$55.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.48
HOA / mo$310.00$310.00$310.00
Total monthly$515.08$1,631.02$1,707.54
Cash to close$185,990$18,599$18,599