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$179,202$179,202$332,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$153,708$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.782%7.640%
1st payment$878.49$878.49$2,305.00
2nd payment$0.00$1,024.72$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$150.00$150.00$150.00
MI / mo$147.03$147.03$66.58
HOA / mo$67.00$67.00$67.00
Total monthly$1,435.10$2,459.81$2,781.17
Cash to close$190,698$36,990$36,990