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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$184,280$184,280$607,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$423,220$0
Funding fee$0$0$0
Note rate4.55%4.55%7.18%
Blended rate5.4%7.037%7.42%
1st payment$1,105.95$1,105.95$4,115.42
2nd payment$0.00$2,733.29$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$166.67$166.67$166.67
MI / mo$153.71$153.71$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,551.90$4,285.20$4,529.17
Cash to close$490,720$67,500$67,500