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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$167,279$167,279$274,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$107,221$0
Funding fee$0$0$0
Note rate3.7%3.7%7.18%
Blended rate4.55%5.898%7.42%
1st payment$894.85$894.85$1,859.56
2nd payment$0.00$714.81$0.00
Taxes / mo$96.50$96.50$96.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$54.90
HOA / mo$292.00$292.00$292.00
Total monthly$1,571.06$2,285.87$2,452.96
Cash to close$137,721$30,500$30,500