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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$165,955$165,955$337,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$171,545$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%6.328%7.42%
1st payment$900.36$900.36$2,286.34
2nd payment$0.00$1,143.63$0.00
Taxes / mo$69.75$69.75$69.75
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,257.82$2,401.45$2,573.59
Cash to close$209,045$37,500$37,500