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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$203,893$203,893$346,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$142,607$0
Funding fee$0$0$0
Note rate3.625%3.625%7.18%
Blended rate4.475%5.926%7.42%
1st payment$1,092.61$1,092.61$2,347.31
2nd payment$0.00$950.71$0.00
Taxes / mo$108.67$108.67$108.67
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$69.30
HOA / mo$45.67$45.67$45.67
Total monthly$1,566.65$2,517.36$2,720.95
Cash to close$181,107$38,500$38,500