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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$223,549$223,549$409,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$185,951$0
Funding fee$0$0$0
Note rate3.13%3.13%7.18%
Blended rate3.98%5.805%7.42%
1st payment$1,115.34$1,115.34$2,774.10
2nd payment$0.00$1,239.67$0.00
Taxes / mo$126.25$126.25$126.25
Insurance / mo$166.67$166.67$166.67
MI / mo$184.31$184.31$81.90
HOA / mo$105.00$105.00$105.00
Total monthly$1,697.57$2,937.24$3,253.91
Cash to close$231,451$45,500$45,500