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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$249,455$249,455$386,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$137,455$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%5.808%7.42%
1st payment$1,359.63$1,359.63$2,621.06
2nd payment$0.00$916.36$0.00
Taxes / mo$173.58$173.58$173.58
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,891.17$2,807.54$3,022.03
Cash to close$180,445$42,990$42,990