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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$172,721$172,721$314,910
Remaining term (yrs)13.013.030.0
Secondary amount$0$142,189$0
Funding fee$0$0$0
Note rate5.25%5.25%7.11%
Blended rate6.1%6.958%7.35%
1st payment$1,516.48$1,516.48$2,118.42
2nd payment$0.00$947.93$0.00
Taxes / mo$511.75$511.75$511.75
Insurance / mo$150.00$150.00$150.00
MI / mo$194.52$194.52$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,372.75$3,320.68$2,843.15
Cash to close$177,179$34,990$34,990