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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$203,092$203,092$323,991
Remaining term (yrs)24.424.430.0
Secondary amount$0$120,899$0
Funding fee$0$0$0
Note rate3.05%3.05%7.18%
Blended rate3.9%5.43%7.42%
1st payment$981.57$981.57$2,194.83
2nd payment$0.00$805.99$0.00
Taxes / mo$183.83$183.83$183.83
Insurance / mo$150.00$150.00$150.00
MI / mo$163.86$163.86$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.27$2,285.26$2,593.46
Cash to close$156,898$35,999$35,999