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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$161,550$161,550$265,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$103,950$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%5.931%7.42%
1st payment$868.53$868.53$1,798.59
2nd payment$0.00$693.00$0.00
Taxes / mo$48.25$48.25$48.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.84$132.84$53.10
HOA / mo$258.00$258.00$258.00
Total monthly$1,457.62$2,150.62$2,307.94
Cash to close$133,450$29,500$29,500