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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$181,229$181,229$292,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$111,181$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.589%7.640%
1st payment$914.34$914.34$2,024.59
2nd payment$0.00$741.20$0.00
Taxes / mo$160.00$160.00$160.00
Insurance / mo$150.00$150.00$150.00
MI / mo$148.63$148.63$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.96$2,114.17$2,393.07
Cash to close$143,671$32,490$32,490