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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$196,497$196,497$229,410
Remaining term (yrs)22.322.330.0
Secondary amount$0$32,913$0
Funding fee$0$0$0
Note rate4.45%4.45%7.18%
Blended rate5.3%5.831%7.42%
1st payment$1,155.65$1,155.65$1,554.10
2nd payment$0.00$246.85$0.00
Taxes / mo$266.25$266.25$266.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.51$162.51$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.40$1,981.26$2,016.24
Cash to close$58,403$25,490$25,490