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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$177,361$177,361$359,100
Remaining term (yrs)21.021.030.0
Secondary amount$0$181,739$0
Funding fee$0$0$0
Note rate4.03%4.03%7.18%
Blended rate4.88%6.459%7.42%
1st payment$1,041.63$1,041.63$2,432.67
2nd payment$0.00$1,211.60$0.00
Taxes / mo$98.92$98.92$98.92
Insurance / mo$150.00$150.00$150.00
MI / mo$153.99$153.99$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.53$2,656.13$2,753.41
Cash to close$221,639$39,900$39,900