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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$182,375$182,375$404,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$221,725$0
Funding fee$0$0$0
Note rate3.84%3.84%7.18%
Blended rate4.69%6.369%7.42%
1st payment$1,000.51$1,000.51$2,737.51
2nd payment$0.00$1,431.97$0.00
Taxes / mo$104.08$104.08$104.08
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$80.82
HOA / mo$72.00$72.00$72.00
Total monthly$1,477.94$2,909.92$3,144.42
Cash to close$266,625$44,900$44,900