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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$165,660$165,660$300,599
Remaining term (yrs)21.721.730.0
Secondary amount$0$134,939$0
Funding fee$0$0$0
Note rate4.660%4.660%7.400%
Blended rate5.510%6.628%7.640%
1st payment$1,008.70$1,008.70$2,081.29
2nd payment$0.00$899.59$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$138.40$138.40$60.12
HOA / mo$104.33$104.33$104.33
Total monthly$1,493.35$2,392.94$2,487.65
Cash to close$168,339$33,400$33,400