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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$167,209$167,209$283,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$116,291$0
Funding fee$0$0$0
Note rate3.78%3.78%7.18%
Blended rate4.63%6.012%7.42%
1st payment$903.67$903.67$1,920.53
2nd payment$0.00$775.27$0.00
Taxes / mo$176.08$176.08$176.08
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$56.70
HOA / mo$137.00$137.00$137.00
Total monthly$1,504.46$2,279.73$2,440.31
Cash to close$147,791$31,500$31,500