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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$235,053$235,053$423,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$187,947$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%5.516%7.42%
1st payment$1,096.65$1,096.65$2,865.55
2nd payment$0.00$1,252.98$0.00
Taxes / mo$95.33$95.33$95.33
Insurance / mo$166.67$166.67$166.67
MI / mo$192.02$192.02$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.66$2,803.64$3,212.15
Cash to close$234,947$47,000$47,000