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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$171,093$171,093$269,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$98,007$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%5.923%7.42%
1st payment$869.69$869.69$1,822.98
2nd payment$0.00$735.05$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$140.48$140.48$53.82
HOA / mo$92.00$92.00$92.00
Total monthly$1,375.01$2,110.06$2,241.63
Cash to close$127,907$29,900$29,900