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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$156,702$156,702$283,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$126,708$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%5.877%7.42%
1st payment$796.54$796.54$1,919.92
2nd payment$0.00$844.72$0.00
Taxes / mo$58.08$58.08$58.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,133.29$1,978.01$2,184.68
Cash to close$158,198$31,490$31,490