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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$165,311$165,311$265,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$100,189$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.696%7.42%
1st payment$854.44$854.44$1,798.59
2nd payment$0.00$667.93$0.00
Taxes / mo$92.83$92.83$92.83
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.90$1,900.82$2,094.52
Cash to close$129,689$29,500$29,500