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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$245,847$245,847$395,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$149,253$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.698%7.42%
1st payment$1,270.71$1,270.71$2,676.55
2nd payment$0.00$995.02$0.00
Taxes / mo$127.50$127.50$127.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$79.02
HOA / mo$85.00$85.00$85.00
Total monthly$1,834.90$2,829.92$3,118.07
Cash to close$193,153$43,900$43,900