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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$153,102$153,102$269,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$115,998$0
Funding fee$0$0$0
Note rate2.72%2.72%7.18%
Blended rate3.57%5.48%7.42%
1st payment$719.15$719.15$1,822.98
2nd payment$0.00$773.32$0.00
Taxes / mo$93.75$93.75$93.75
Insurance / mo$150.00$150.00$150.00
MI / mo$125.27$125.27$53.82
HOA / mo$120.00$120.00$120.00
Total monthly$1,208.17$1,981.49$2,240.55
Cash to close$145,898$29,900$29,900