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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$249,577$249,577$359,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$109,523$0
Funding fee$0$0$0
Note rate4.06%4.06%7.18%
Blended rate4.91%5.852%7.42%
1st payment$1,408.24$1,408.24$2,432.67
2nd payment$0.00$730.15$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$207.43$207.43$71.82
HOA / mo$65.00$65.00$65.00
Total monthly$2,014.00$2,744.15$2,902.82
Cash to close$149,423$39,900$39,900