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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$205,019$205,019$314,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$109,081$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%5.167%7.42%
1st payment$965.50$965.50$2,127.82
2nd payment$0.00$727.21$0.00
Taxes / mo$73.83$73.83$73.83
Insurance / mo$150.00$150.00$150.00
MI / mo$166.23$166.23$62.82
HOA / mo$340.00$340.00$340.00
Total monthly$1,695.56$2,422.76$2,754.48
Cash to close$143,981$34,900$34,900