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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$212,461$212,461$655,200
Remaining term (yrs)19.819.830.0
Secondary amount$0$442,739$0
Funding fee$0$0$0
Note rate3.44%3.44%7.18%
Blended rate4.29%6.628%7.42%
1st payment$1,229.22$1,229.22$4,438.55
2nd payment$0.00$2,859.36$0.00
Taxes / mo$264.08$264.08$264.08
Insurance / mo$216.67$216.67$216.67
MI / mo$195.35$195.35$131.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,905.32$4,764.67$5,050.34
Cash to close$515,539$72,800$72,800