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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$180,305$180,305$220,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$40,195$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate6.1%6.629%7.42%
1st payment$1,065.30$1,065.30$1,493.74
2nd payment$0.00$301.46$0.00
Taxes / mo$225.92$225.92$225.92
Insurance / mo$150.00$150.00$150.00
MI / mo$136.65$136.65$44.10
HOA / mo$235.00$235.00$235.00
Total monthly$1,812.87$2,114.33$2,148.76
Cash to close$64,695$24,500$24,500