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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$208,369$208,369$495,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$286,631$0
Funding fee$0$0$0
Note rate3.46%3.46%7.18%
Blended rate4.31%6.302%7.42%
1st payment$1,200.71$1,200.71$3,353.30
2nd payment$0.00$1,851.16$0.00
Taxes / mo$201.83$201.83$201.83
Insurance / mo$166.67$166.67$166.67
MI / mo$190.35$190.35$99.00
HOA / mo$121.00$121.00$121.00
Total monthly$1,880.56$3,731.72$3,941.80
Cash to close$341,631$55,000$55,000