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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$165,733$165,733$315,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$149,267$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%5.643%7.42%
1st payment$772.39$772.39$2,133.92
2nd payment$0.00$995.12$0.00
Taxes / mo$231.00$231.00$231.00
Insurance / mo$150.00$150.00$150.00
MI / mo$135.42$135.42$63.00
HOA / mo$291.33$291.33$291.33
Total monthly$1,580.14$2,575.25$2,869.25
Cash to close$184,267$35,000$35,000