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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$167,349$167,349$201,150
Remaining term (yrs)26.026.030.0
Secondary amount$0$33,801$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.977%7.640%
1st payment$1,154.89$1,154.89$1,392.72
2nd payment$0.00$253.51$0.00
Taxes / mo$246.58$246.58$246.58
Insurance / mo$150.00$150.00$150.00
MI / mo$123.96$123.96$40.23
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.43$1,928.95$1,829.54
Cash to close$56,151$22,350$22,350