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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$181,461$181,461$328,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$147,039$0
Funding fee$0$0$0
Note rate3.6%3.6%7.18%
Blended rate4.45%6.039%7.42%
1st payment$1,070.94$1,070.94$2,225.37
2nd payment$0.00$980.26$0.00
Taxes / mo$297.50$297.50$297.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.85$166.85$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,685.29$2,665.55$2,738.57
Cash to close$183,539$36,500$36,500