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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$232,783$232,783$436,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$203,717$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.702%7.42%
1st payment$1,121.17$1,121.17$2,957.00
2nd payment$0.00$1,315.67$0.00
Taxes / mo$347.33$347.33$347.33
Insurance / mo$166.67$166.67$166.67
MI / mo$186.93$186.93$87.30
HOA / mo$29.17$29.17$29.17
Total monthly$1,851.27$3,166.94$3,587.47
Cash to close$252,217$48,500$48,500