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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$182,585$182,585$449,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$266,515$0
Funding fee$0$0$0
Note rate3.61%3.61%7.18%
Blended rate4.46%6.412%7.42%
1st payment$1,081.65$1,081.65$3,042.36
2nd payment$0.00$1,721.24$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$166.67$166.67$166.67
MI / mo$168.31$168.31$89.82
HOA / mo$98.00$98.00$98.00
Total monthly$1,684.12$3,405.37$3,566.35
Cash to close$316,415$49,900$49,900