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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$194,759$194,759$328,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$133,741$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%5.35%7.42%
1st payment$908.66$908.66$2,225.37
2nd payment$0.00$891.60$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.10$159.10$65.70
HOA / mo$116.00$116.00$116.00
Total monthly$1,443.84$2,335.44$2,667.16
Cash to close$170,241$36,500$36,500