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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$160,224$160,224$247,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$87,186$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.956%7.42%
1st payment$828.15$828.15$1,676.04
2nd payment$0.00$653.89$0.00
Taxes / mo$71.75$71.75$71.75
Insurance / mo$150.00$150.00$150.00
MI / mo$131.45$131.45$49.48
HOA / mo$185.00$185.00$185.00
Total monthly$1,366.35$2,020.24$2,132.27
Cash to close$114,676$27,490$27,490