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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$177,699$177,699$412,200
Remaining term (yrs)23.423.430.0
Secondary amount$0$234,501$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%6.271%7.42%
1st payment$922.46$922.46$2,792.39
2nd payment$0.00$1,514.48$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$166.67$166.67$166.67
MI / mo$146.06$146.06$82.44
HOA / mo$150.00$150.00$150.00
Total monthly$1,477.10$2,991.58$3,283.41
Cash to close$280,301$45,800$45,800