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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$214,454$214,454$436,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$222,046$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%5.741%7.42%
1st payment$1,009.93$1,009.93$2,957.00
2nd payment$0.00$1,434.05$0.00
Taxes / mo$67.33$67.33$67.33
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,417.81$2,851.85$3,278.30
Cash to close$270,546$48,500$48,500