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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$182,383$182,383$215,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$32,717$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.211%7.42%
1st payment$1,182.64$1,182.64$1,457.16
2nd payment$0.00$245.38$0.00
Taxes / mo$71.08$71.08$71.08
Insurance / mo$150.00$150.00$150.00
MI / mo$87.20$87.20$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.92$1,736.30$1,721.27
Cash to close$56,617$23,900$23,900