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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$169,887$169,887$318,150
Remaining term (yrs)25.625.630.0
Secondary amount$0$148,263$0
Funding fee$0$0$0
Note rate4.98%4.98%7.18%
Blended rate5.83%6.841%7.42%
1st payment$978.23$978.23$2,155.26
2nd payment$0.00$988.42$0.00
Taxes / mo$83.08$83.08$83.08
Insurance / mo$150.00$150.00$150.00
MI / mo$129.37$129.37$63.63
HOA / mo$0.00$0.00$0.00
Total monthly$1,340.68$2,329.10$2,451.97
Cash to close$183,613$35,350$35,350