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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$186,497$186,497$306,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$119,503$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%5.459%7.42%
1st payment$884.44$884.44$2,072.95
2nd payment$0.00$796.69$0.00
Taxes / mo$88.33$88.33$88.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.97$148.97$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,271.75$2,068.43$2,372.48
Cash to close$153,503$34,000$34,000