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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$184,610$184,610$432,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$247,390$0
Funding fee$0$0$0
Note rate3.67%3.67%7.18%
Blended rate4.52%6.37%7.42%
1st payment$1,150.43$1,150.43$2,926.52
2nd payment$0.00$1,597.72$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$166.67$166.67$166.67
MI / mo$177.70$177.70$86.40
HOA / mo$100.00$100.00$100.00
Total monthly$1,763.13$3,360.85$3,447.92
Cash to close$295,390$48,000$48,000