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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$161,026$161,026$206,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$45,973$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.009%7.42%
1st payment$788.55$788.55$1,402.28
2nd payment$0.00$344.80$0.00
Taxes / mo$37.92$37.92$37.92
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$41.40
HOA / mo$210.00$210.00$210.00
Total monthly$1,318.61$1,663.41$1,841.60
Cash to close$68,973$23,000$23,000