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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$173,164$173,164$348,750
Remaining term (yrs)23.623.630.0
Secondary amount$0$175,586$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.103%7.640%
1st payment$880.00$880.00$2,414.67
2nd payment$0.00$1,170.58$0.00
Taxes / mo$167.83$167.83$167.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.79$141.79$69.75
HOA / mo$93.00$93.00$93.00
Total monthly$1,432.63$2,603.20$2,895.26
Cash to close$214,336$38,750$38,750