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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$194,850$194,850$346,499
Remaining term (yrs)21.621.630.0
Secondary amount$0$151,650$0
Funding fee$0$0$0
Note rate4.59%4.59%7.18%
Blended rate5.44%6.56%7.42%
1st payment$1,181.51$1,181.51$2,347.31
2nd payment$0.00$1,011.00$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$69.30
HOA / mo$76.00$76.00$76.00
Total monthly$1,699.79$2,710.79$2,771.44
Cash to close$190,149$38,500$38,500