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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$155,730$155,730$355,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$199,770$0
Funding fee$0$0$0
Note rate2.7%2.7%7.18%
Blended rate3.55%6.051%7.42%
1st payment$731.70$731.70$2,408.28
2nd payment$0.00$1,331.80$0.00
Taxes / mo$15.58$15.58$15.58
Insurance / mo$150.00$150.00$150.00
MI / mo$127.78$127.78$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,025.06$2,356.86$2,644.96
Cash to close$239,270$39,500$39,500