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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$184,760$184,760$220,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,740$0
Funding fee$0$0$0
Note rate3.89%3.89%7.18%
Blended rate4.74%5.43%7.42%
1st payment$952.88$952.88$1,493.74
2nd payment$0.00$268.05$0.00
Taxes / mo$26.17$26.17$26.17
Insurance / mo$150.00$150.00$150.00
MI / mo$143.27$143.27$44.10
HOA / mo$70.00$70.00$70.00
Total monthly$1,342.32$1,610.36$1,784.01
Cash to close$60,240$24,500$24,500