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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$162,153$162,153$441,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$278,847$0
Funding fee$0$0$0
Note rate2.89%2.89%7.18%
Blended rate3.74%6.276%7.42%
1st payment$773.92$773.92$2,987.49
2nd payment$0.00$1,800.89$0.00
Taxes / mo$55.42$55.42$55.42
Insurance / mo$166.67$166.67$166.67
MI / mo$131.87$131.87$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.88$2,928.76$3,297.77
Cash to close$327,847$49,000$49,000