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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$201,831$201,831$341,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$140,168$0
Funding fee$0$0$0
Note rate3.62%3.62%7.18%
Blended rate4.47%5.917%7.42%
1st payment$1,078.51$1,078.51$2,316.82
2nd payment$0.00$934.45$0.00
Taxes / mo$152.00$152.00$152.00
Insurance / mo$150.00$150.00$150.00
MI / mo$167.62$167.62$68.40
HOA / mo$92.00$92.00$92.00
Total monthly$1,640.12$2,574.57$2,779.22
Cash to close$178,168$38,000$38,000