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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$203,800$203,800$220,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$28,855$0
Funding fee$0$0$0
Note rate3.02%3.02%7.11%
Blended rate3.87%4.863%7.35%
1st payment$966.41$966.41$1,482.71
2nd payment$0.00$285.54$0.00
Taxes / mo$235.67$235.67$235.67
Insurance / mo$150.00$150.00$150.00
MI / mo$161.95$161.95$44.08
HOA / mo$325.00$325.00$325.00
Total monthly$1,839.03$2,124.57$2,237.46
Cash to close$41,100$12,245$24,490