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$163,313$163,313$270,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$106,687$0
Funding fee$0$0$0
Note rate4.03%4.03%7.18%
Blended rate4.88%6.113%7.42%
1st payment$963.99$963.99$1,829.07
2nd payment$0.00$711.25$0.00
Taxes / mo$176.17$176.17$176.17
Insurance / mo$150.00$150.00$150.00
MI / mo$142.51$142.51$54.00
HOA / mo$103.00$103.00$103.00
Total monthly$1,535.66$2,246.91$2,312.24
Cash to close$136,687$30,000$30,000