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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$161,189$161,189$584,910
Remaining term (yrs)16.616.630.0
Secondary amount$0$423,721$0
Funding fee$0$0$0
Note rate3.63%3.63%7.18%
Blended rate4.48%6.849%7.42%
1st payment$1,075.36$1,075.36$3,962.38
2nd payment$0.00$2,736.53$0.00
Taxes / mo$220.92$220.92$220.92
Insurance / mo$166.67$166.67$166.67
MI / mo$166.92$166.92$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,629.87$4,366.40$4,466.95
Cash to close$488,711$64,990$64,990