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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$203,398$203,398$312,290
Remaining term (yrs)23.623.630.0
Secondary amount$0$108,892$0
Funding fee$0$0$0
Note rate3.23%3.23%7.18%
Blended rate4.08%5.447%7.42%
1st payment$1,022.99$1,022.99$2,115.56
2nd payment$0.00$725.95$0.00
Taxes / mo$134.17$134.17$134.17
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$62.46
HOA / mo$85.00$85.00$85.00
Total monthly$1,559.08$2,285.03$2,547.19
Cash to close$143,591$34,699$34,699