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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$144,176$144,176$292,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$148,324$0
Funding fee$0$0$0
Note rate2.72%2.72%7.18%
Blended rate3.57%5.816%7.42%
1st payment$677.23$677.23$1,981.50
2nd payment$0.00$988.83$0.00
Taxes / mo$75.08$75.08$75.08
Insurance / mo$150.00$150.00$150.00
MI / mo$117.96$117.96$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,020.27$2,009.10$2,265.08
Cash to close$180,824$32,500$32,500