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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$86,469$86,469$314,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$228,441$0
Funding fee$0$0$0
Note rate2.22%2.22%7.18%
Blended rate3.07%6.465%7.42%
1st payment$383.54$383.54$2,133.31
2nd payment$0.00$1,475.35$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$71.36$71.36$62.98
HOA / mo$158.00$158.00$158.00
Total monthly$858.07$2,333.42$2,599.46
Cash to close$263,431$34,990$34,990