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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$173,160$173,160$261,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$87,840$0
Funding fee$0$0$0
Note rate3.29%3.29%7.18%
Blended rate4.14%5.776%7.42%
1st payment$880.43$880.43$1,768.10
2nd payment$0.00$658.80$0.00
Taxes / mo$129.58$129.58$129.58
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$52.20
HOA / mo$283.00$283.00$283.00
Total monthly$1,585.60$2,244.40$2,382.89
Cash to close$116,840$29,000$29,000