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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$176,244$176,244$278,910
Remaining term (yrs)23.223.230.0
Secondary amount$0$102,666$0
Funding fee$0$0$0
Note rate3.73%3.73%7.18%
Blended rate4.58%5.839%7.42%
1st payment$943.51$943.51$1,889.43
2nd payment$0.00$684.44$0.00
Taxes / mo$83.33$83.33$83.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,321.51$2,005.95$2,178.55
Cash to close$133,656$30,990$30,990