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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$241,651$241,651$306,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$64,349$0
Funding fee$0$0$0
Note rate3.89%3.89%7.18%
Blended rate4.74%5.636%7.42%
1st payment$1,246.28$1,246.28$2,072.95
2nd payment$0.00$482.61$0.00
Taxes / mo$188.08$188.08$188.08
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$61.20
HOA / mo$73.00$73.00$73.00
Total monthly$1,844.76$2,327.37$2,545.23
Cash to close$98,349$34,000$34,000