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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$172,764$172,764$337,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$164,736$0
Funding fee$0$0$0
Note rate3.33%3.33%7.18%
Blended rate4.18%6.045%7.42%
1st payment$880.00$880.00$2,286.34
2nd payment$0.00$1,098.24$0.00
Taxes / mo$167.83$167.83$167.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.79$141.79$67.50
HOA / mo$93.00$93.00$93.00
Total monthly$1,432.63$2,530.87$2,764.68
Cash to close$202,236$37,500$37,500