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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$168,198$168,198$306,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$137,802$0
Funding fee$0$0$0
Note rate3.28%3.28%7.18%
Blended rate4.13%5.873%7.42%
1st payment$850.35$850.35$2,072.95
2nd payment$0.00$918.68$0.00
Taxes / mo$90.33$90.33$90.33
Insurance / mo$150.00$150.00$150.00
MI / mo$137.88$137.88$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,228.57$2,147.25$2,374.48
Cash to close$171,802$34,000$34,000