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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$212,091$212,091$594,000
Remaining term (yrs)19.319.330.0
Secondary amount$0$381,909$0
Funding fee$0$0$0
Note rate3.87%3.87%7.18%
Blended rate4.72%6.668%7.42%
1st payment$1,296.09$1,296.09$4,023.96
2nd payment$0.00$2,466.49$0.00
Taxes / mo$394.42$394.42$394.42
Insurance / mo$166.67$166.67$166.67
MI / mo$195.35$195.35$118.80
HOA / mo$79.00$79.00$79.00
Total monthly$2,131.53$4,598.02$4,782.85
Cash to close$447,909$66,000$66,000