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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$246,012$246,012$323,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$77,088$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.421%7.42%
1st payment$1,212.36$1,212.36$2,188.79
2nd payment$0.00$578.16$0.00
Taxes / mo$126.17$126.17$126.17
Insurance / mo$150.00$150.00$150.00
MI / mo$192.43$192.43$64.62
HOA / mo$103.00$103.00$103.00
Total monthly$1,783.96$2,362.12$2,632.58
Cash to close$112,988$35,900$35,900