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$179,777$179,777$337,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$157,633$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.188%7.640%
1st payment$973.11$973.11$2,336.16
2nd payment$0.00$1,050.89$0.00
Taxes / mo$87.75$87.75$87.75
Insurance / mo$150.00$150.00$150.00
MI / mo$148.84$148.84$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.70$2,410.59$2,641.39
Cash to close$195,123$37,490$37,490