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$178,776$178,776$332,820
Remaining term (yrs)23.723.730.0
Secondary amount$0$154,044$0
Funding fee$0$0$0
Note rate3.03%3.03%7.18%
Blended rate3.88%5.787%7.42%
1st payment$878.49$878.49$2,254.64
2nd payment$0.00$1,026.96$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.03$147.03$66.56
HOA / mo$67.00$67.00$67.00
Total monthly$1,435.10$2,462.05$2,730.79
Cash to close$191,024$36,980$36,980