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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$154,390$154,390$481,500
Remaining term (yrs)14.914.930.0
Secondary amount$0$327,110$0
Funding fee$0$0$0
Note rate4.27%4.27%7.18%
Blended rate5.12%6.907%7.42%
1st payment$1,163.00$1,163.00$3,261.85
2nd payment$0.00$2,112.59$0.00
Taxes / mo$250.58$250.58$250.58
Insurance / mo$166.67$166.67$166.67
MI / mo$167.06$167.06$96.30
HOA / mo$80.00$80.00$80.00
Total monthly$1,827.31$3,939.90$3,855.40
Cash to close$380,610$53,500$53,500