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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$235,268$235,268$395,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$160,731$0
Funding fee$0$0$0
Note rate3.08%3.08%7.18%
Blended rate3.93%5.582%7.42%
1st payment$1,138.16$1,138.16$2,682.64
2nd payment$0.00$1,071.54$0.00
Taxes / mo$211.17$211.17$211.17
Insurance / mo$150.00$150.00$150.00
MI / mo$189.28$189.28$79.20
HOA / mo$50.00$50.00$50.00
Total monthly$1,738.61$2,810.15$3,173.00
Cash to close$204,731$44,000$44,000