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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$182,849$182,849$269,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$87,061$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.8%8.187%7.42%
1st payment$1,263.98$1,263.98$1,828.46
2nd payment$0.00$652.96$0.00
Taxes / mo$107.33$107.33$107.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.25$135.25$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,656.56$2,309.53$2,139.78
Cash to close$117,051$29,990$29,990