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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$192,660$192,660$341,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$149,250$0
Funding fee$0$0$0
Note rate3.81%3.81%7.18%
Blended rate4.66%6.118%7.42%
1st payment$1,044.32$1,044.32$2,316.22
2nd payment$0.00$995.00$0.00
Taxes / mo$129.33$129.33$129.33
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$68.38
HOA / mo$96.00$96.00$96.00
Total monthly$1,578.21$2,573.21$2,759.93
Cash to close$187,240$37,990$37,990