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$205,007$205,007$305,910
Remaining term (yrs)23.223.230.0
Secondary amount$0$100,903$0
Funding fee$0$0$0
Note rate3.72%3.72%7.18%
Blended rate4.57%5.701%7.42%
1st payment$1,096.40$1,096.40$2,072.34
2nd payment$0.00$672.69$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$168.31$168.31$61.18
HOA / mo$97.00$97.00$97.00
Total monthly$1,609.46$2,282.15$2,478.27
Cash to close$134,893$33,990$33,990