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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$189,574$189,574$209,700
Remaining term (yrs)25.025.030.0
Secondary amount$0$31,776$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.916%7.560%
1st payment$885.14$885.14$1,440.49
2nd payment$0.00$314.45$0.00
Taxes / mo$62.25$62.25$62.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.63$150.63$41.94
HOA / mo$100.00$100.00$100.00
Total monthly$1,348.02$1,662.47$1,794.68
Cash to close$43,426$11,650$23,300