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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$196,836$196,836$220,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$35,819$0
Funding fee$0$0$0
Note rate3.85%3.85%7.18%
Blended rate4.7%5.805%7.42%
1st payment$1,008.88$1,008.88$1,493.13
2nd payment$0.00$354.46$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$150.00$150.00$150.00
MI / mo$152.43$152.43$44.08
HOA / mo$260.00$260.00$260.00
Total monthly$1,760.40$2,114.86$2,136.30
Cash to close$48,064$12,245$24,490