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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$173,779$173,779$269,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$96,131$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.974%7.42%
1st payment$898.21$898.21$1,828.46
2nd payment$0.00$720.98$0.00
Taxes / mo$134.25$134.25$134.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.57$142.57$53.98
HOA / mo$81.00$81.00$81.00
Total monthly$1,406.03$2,127.01$2,247.70
Cash to close$126,121$29,990$29,990