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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$175,852$175,852$234,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$58,148$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%4.987%7.42%
1st payment$828.14$828.14$1,585.20
2nd payment$0.00$436.11$0.00
Taxes / mo$52.17$52.17$52.17
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$46.80
HOA / mo$52.00$52.00$52.00
Total monthly$1,224.89$1,661.00$1,886.16
Cash to close$84,148$26,000$26,000