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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$178,744$178,744$215,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$37,166$0
Funding fee$0$0$0
Note rate5.55%5.55%7.11%
Blended rate6.4%6.848%7.35%
1st payment$1,081.94$1,081.94$1,452.44
2nd payment$0.00$278.74$0.00
Taxes / mo$153.00$153.00$153.00
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$43.18
HOA / mo$400.00$400.00$400.00
Total monthly$1,919.17$2,197.91$2,198.62
Cash to close$61,156$23,990$23,990