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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$14,614$14,614$224,100
Remaining term (yrs)1.91.930.0
Secondary amount$0$209,486$0
Funding fee$0$0$0
Note rate3.49%3.49%7.18%
Blended rate4.34%7.528%7.42%
1st payment$631.30$631.30$1,518.13
2nd payment$0.00$1,352.93$0.00
Taxes / mo$97.08$97.08$97.08
Insurance / mo$150.00$150.00$150.00
MI / mo$62.59$62.59$44.82
HOA / mo$305.00$305.00$305.00
Total monthly$1,245.98$2,598.91$2,115.03
Cash to close$234,386$24,900$24,900