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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$245,316$245,316$440,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$194,784$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%5.86%7.42%
1st payment$1,246.98$1,246.98$2,981.39
2nd payment$0.00$1,298.56$0.00
Taxes / mo$293.58$293.58$293.58
Insurance / mo$166.67$166.67$166.67
MI / mo$201.43$201.43$88.02
HOA / mo$35.42$35.42$35.42
Total monthly$1,944.08$3,242.64$3,565.08
Cash to close$243,684$48,900$48,900