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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$177,343$177,343$315,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$137,657$0
Funding fee$0$0$0
Note rate4.1%4.1%7.18%
Blended rate4.95%6.283%7.42%
1st payment$1,002.26$1,002.26$2,133.92
2nd payment$0.00$917.71$0.00
Taxes / mo$99.75$99.75$99.75
Insurance / mo$150.00$150.00$150.00
MI / mo$146.92$146.92$63.00
HOA / mo$18.33$18.33$18.33
Total monthly$1,417.26$2,334.97$2,465.00
Cash to close$172,657$35,000$35,000