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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$189,400$189,400$247,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$58,100$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%4.883%7.42%
1st payment$890.19$890.19$1,676.65
2nd payment$0.00$435.75$0.00
Taxes / mo$276.33$276.33$276.33
Insurance / mo$150.00$150.00$150.00
MI / mo$154.06$154.06$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,470.58$1,906.33$2,152.48
Cash to close$85,600$27,500$27,500