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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$160,687$160,687$238,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$77,813$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%5.375%7.42%
1st payment$744.64$744.64$1,615.68
2nd payment$0.00$583.60$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$150.00$150.00$150.00
MI / mo$128.87$128.87$47.70
HOA / mo$64.00$64.00$64.00
Total monthly$1,230.50$1,814.10$2,020.38
Cash to close$104,313$26,500$26,500