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$168,339$168,339$287,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$119,571$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.667%7.640%
1st payment$834.64$834.64$1,993.43
2nd payment$0.00$797.14$0.00
Taxes / mo$202.17$202.17$202.17
Insurance / mo$150.00$150.00$150.00
MI / mo$137.40$137.40$57.58
HOA / mo$90.00$90.00$90.00
Total monthly$1,414.21$2,211.35$2,493.18
Cash to close$151,561$31,990$31,990