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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$262,169$262,169$319,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$57,331$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%4.503%7.42%
1st payment$1,221.83$1,221.83$2,164.40
2nd payment$0.00$429.98$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$214.21$214.21$63.90
HOA / mo$270.00$270.00$270.00
Total monthly$1,966.46$2,396.44$2,758.72
Cash to close$92,831$35,500$35,500