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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$187,193$187,193$287,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$100,717$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%5.659%7.42%
1st payment$993.34$993.34$1,950.40
2nd payment$0.00$671.44$0.00
Taxes / mo$92.50$92.50$92.50
Insurance / mo$150.00$150.00$150.00
MI / mo$155.72$155.72$57.58
HOA / mo$57.00$57.00$57.00
Total monthly$1,448.57$2,120.01$2,307.48
Cash to close$132,707$31,990$31,990