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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$228,727$228,727$356,399
Remaining term (yrs)23.223.230.0
Secondary amount$0$127,672$0
Funding fee$0$0$0
Note rate3.72%3.72%7.18%
Blended rate4.57%5.799%7.42%
1st payment$1,223.25$1,223.25$2,414.37
2nd payment$0.00$851.15$0.00
Taxes / mo$207.58$207.58$207.58
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$71.28
HOA / mo$128.00$128.00$128.00
Total monthly$1,896.62$2,747.77$2,971.23
Cash to close$167,272$39,600$39,600