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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$180,455$180,455$234,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$53,545$0
Funding fee$0$0$0
Note rate7.44%7.44%7.11%
Blended rate7.99%8.221%7.35%
1st payment$1,289.72$1,289.72$1,574.13
2nd payment$0.00$401.59$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$85.04$85.04$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,692.42$2,094.01$1,938.60
Cash to close$79,545$26,000$26,000