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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$167,947$167,947$287,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$119,963$0
Funding fee$0$0$0
Note rate3.16%3.16%7.18%
Blended rate4.01%5.673%7.42%
1st payment$834.64$834.64$1,950.40
2nd payment$0.00$799.75$0.00
Taxes / mo$202.17$202.17$202.17
Insurance / mo$150.00$150.00$150.00
MI / mo$137.40$137.40$57.58
HOA / mo$90.00$90.00$90.00
Total monthly$1,414.21$2,213.96$2,450.15
Cash to close$151,953$31,990$31,990