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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$165,951$165,951$315,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$149,049$0
Funding fee$0$0$0
Note rate4.1%4.1%7.18%
Blended rate4.95%6.393%7.42%
1st payment$995.86$995.86$2,133.92
2nd payment$0.00$993.66$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$63.00
HOA / mo$69.00$69.00$69.00
Total monthly$1,597.59$2,591.25$2,652.67
Cash to close$184,049$35,000$35,000