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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$180,571$180,571$254,700
Remaining term (yrs)23.523.530.0
Secondary amount$0$74,129$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.668%7.42%
1st payment$933.31$933.31$1,725.43
2nd payment$0.00$555.97$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.14$148.14$50.94
HOA / mo$70.00$70.00$70.00
Total monthly$1,454.79$2,010.76$2,149.70
Cash to close$102,429$28,300$28,300