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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$182,706$182,706$283,500
Remaining term (yrs)17.117.130.0
Secondary amount$0$100,794$0
Funding fee$0$0$0
Note rate2.66%2.66%7.18%
Blended rate3.51%5.106%7.42%
1st payment$1,101.53$1,101.53$1,920.53
2nd payment$0.00$671.96$0.00
Taxes / mo$107.95$107.95$107.95
Insurance / mo$150.00$150.00$150.00
MI / mo$193.38$193.38$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,552.85$2,224.82$2,235.18
Cash to close$132,294$31,500$31,500