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$162,986$162,986$269,910
Remaining term (yrs)22.722.730.0
Secondary amount$0$106,924$0
Funding fee$0$0$0
Note rate3.73%3.73%7.18%
Blended rate4.58%5.935%7.42%
1st payment$884.55$884.55$1,828.46
2nd payment$0.00$712.83$0.00
Taxes / mo$42.42$42.42$42.42
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,212.59$1,925.41$2,074.86
Cash to close$136,914$29,990$29,990