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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$203,172$203,172$535,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$332,328$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%6.449%7.42%
1st payment$1,168.45$1,168.45$3,627.66
2nd payment$0.00$2,146.29$0.00
Taxes / mo$188.21$188.21$188.21
Insurance / mo$166.67$166.67$166.67
MI / mo$185.00$185.00$107.10
HOA / mo$30.00$30.00$30.00
Total monthly$1,738.34$3,884.62$4,119.64
Cash to close$391,828$59,500$59,500