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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$284,746$284,746$346,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$61,754$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.729%7.42%
1st payment$1,510.07$1,510.07$2,347.31
2nd payment$0.00$463.15$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$219.52$219.52$69.30
HOA / mo$191.00$191.00$191.00
Total monthly$2,170.25$2,633.40$2,857.28
Cash to close$100,254$38,500$38,500