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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$170,859$170,859$198,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$27,141$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%4.539%7.42%
1st payment$815.82$815.82$1,341.32
2nd payment$0.00$203.56$0.00
Taxes / mo$71.42$71.42$71.42
Insurance / mo$150.00$150.00$150.00
MI / mo$137.42$137.42$39.60
HOA / mo$262.00$262.00$262.00
Total monthly$1,436.65$1,640.21$1,864.34
Cash to close$49,141$22,000$22,000