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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$187,838$187,838$310,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$122,662$0
Funding fee$0$0$0
Note rate3.77%3.77%7.18%
Blended rate4.62%5.955%7.42%
1st payment$1,021.08$1,021.08$2,103.44
2nd payment$0.00$817.75$0.00
Taxes / mo$84.67$84.67$84.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.79$155.79$62.10
HOA / mo$69.67$69.67$69.67
Total monthly$1,481.21$2,298.96$2,469.87
Cash to close$157,162$34,500$34,500