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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$182,134$182,134$280,800
Remaining term (yrs)23.223.230.0
Secondary amount$0$98,666$0
Funding fee$0$0$0
Note rate3.72%3.72%7.18%
Blended rate4.57%6.127%7.42%
1st payment$974.07$974.07$1,902.24
2nd payment$0.00$739.99$0.00
Taxes / mo$176.67$176.67$176.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$56.16
HOA / mo$91.00$91.00$91.00
Total monthly$1,541.27$2,281.26$2,376.06
Cash to close$129,866$31,200$31,200