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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$170,820$170,820$324,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$153,180$0
Funding fee$0$0$0
Note rate3.9%3.9%7.18%
Blended rate4.75%6.287%7.42%
1st payment$986.40$986.40$2,194.89
2nd payment$0.00$1,021.20$0.00
Taxes / mo$197.42$197.42$197.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.13$148.13$64.80
HOA / mo$98.00$98.00$98.00
Total monthly$1,579.96$2,601.15$2,705.11
Cash to close$189,180$36,000$36,000