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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$180,661$180,661$292,410
Remaining term (yrs)22.822.830.0
Secondary amount$0$111,749$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%5.899%7.42%
1st payment$980.14$980.14$1,980.89
2nd payment$0.00$744.99$0.00
Taxes / mo$95.58$95.58$95.58
Insurance / mo$150.00$150.00$150.00
MI / mo$149.91$149.91$58.48
HOA / mo$67.00$67.00$67.00
Total monthly$1,442.63$2,187.63$2,351.95
Cash to close$144,239$32,490$32,490