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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$181,024$181,024$247,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$66,476$0
Funding fee$0$0$0
Note rate3.33%3.33%7.18%
Blended rate4.18%5.475%7.42%
1st payment$924.22$924.22$1,676.65
2nd payment$0.00$498.57$0.00
Taxes / mo$182.00$182.00$182.00
Insurance / mo$150.00$150.00$150.00
MI / mo$148.92$148.92$49.50
HOA / mo$60.00$60.00$60.00
Total monthly$1,465.13$1,963.70$2,118.15
Cash to close$93,976$27,500$27,500