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$182,791$182,791$333,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$150,209$0
Funding fee$0$0$0
Note rate3.86%3.86%7.18%
Blended rate4.71%6.194%7.42%
1st payment$1,059.74$1,059.74$2,255.86
2nd payment$0.00$1,001.40$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.92$159.92$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,789.58$2,790.98$2,892.37
Cash to close$187,209$37,000$37,000