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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$197,464$197,464$287,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$90,535$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.51%7.42%
1st payment$951.06$951.06$1,951.01
2nd payment$0.00$679.01$0.00
Taxes / mo$36.67$36.67$36.67
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$57.60
HOA / mo$362.00$362.00$362.00
Total monthly$1,658.30$2,337.31$2,557.27
Cash to close$122,535$32,000$32,000