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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$153,126$153,126$585,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$431,874$0
Funding fee$0$0$0
Note rate3.84%3.84%7.18%
Blended rate4.69%6.949%7.42%
1st payment$952.86$952.86$3,962.99
2nd payment$0.00$2,789.19$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$166.67$166.67$166.67
MI / mo$144.15$144.15$117.00
HOA / mo$51.50$51.50$51.50
Total monthly$1,511.59$4,300.78$4,494.58
Cash to close$496,874$65,000$65,000