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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$214,487$214,487$252,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$37,513$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%4.395%7.42%
1st payment$1,004.82$1,004.82$1,707.14
2nd payment$0.00$281.35$0.00
Taxes / mo$95.83$95.83$95.83
Insurance / mo$150.00$150.00$150.00
MI / mo$174.57$174.57$50.40
HOA / mo$50.00$50.00$50.00
Total monthly$1,475.22$1,756.57$2,053.37
Cash to close$65,513$28,000$28,000