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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$161,675$161,675$260,999
Remaining term (yrs)21.621.630.0
Secondary amount$0$99,324$0
Funding fee$0$0$0
Note rate4.59%4.59%7.18%
Blended rate5.44%6.795%7.42%
1st payment$980.35$980.35$1,768.10
2nd payment$0.00$744.93$0.00
Taxes / mo$166.50$166.50$166.50
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$52.20
HOA / mo$84.00$84.00$84.00
Total monthly$1,516.47$2,261.40$2,220.80
Cash to close$128,324$29,000$29,000