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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$175,804$175,804$314,910
Remaining term (yrs)22.322.330.0
Secondary amount$0$139,106$0
Funding fee$0$0$0
Note rate4.46%4.46%7.18%
Blended rate5.31%6.498%7.42%
1st payment$1,034.92$1,034.92$2,133.31
2nd payment$0.00$927.38$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$62.98
HOA / mo$37.00$37.00$37.00
Total monthly$1,499.94$2,427.32$2,515.96
Cash to close$174,096$34,990$34,990