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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$207,639$207,639$297,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$89,361$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.414%7.42%
1st payment$1,016.82$1,016.82$2,011.98
2nd payment$0.00$670.21$0.00
Taxes / mo$98.83$98.83$98.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.05$2,106.25$2,320.21
Cash to close$122,361$33,000$33,000