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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$160,304$160,304$265,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$105,196$0
Funding fee$0$0$0
Note rate2.86%2.86%7.11%
Blended rate3.71%5.41%7.35%
1st payment$768.11$768.11$1,786.04
2nd payment$0.00$701.30$0.00
Taxes / mo$332.42$332.42$332.42
Insurance / mo$150.00$150.00$150.00
MI / mo$128.58$128.58$53.10
HOA / mo$360.00$360.00$360.00
Total monthly$1,739.11$2,440.41$2,681.55
Cash to close$134,696$29,500$29,500