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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$206,039$206,039$562,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$356,371$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%6.274%7.42%
1st payment$965.39$965.39$3,809.96
2nd payment$0.00$2,301.56$0.00
Taxes / mo$99.42$99.42$99.42
Insurance / mo$166.67$166.67$166.67
MI / mo$164.92$164.92$112.48
HOA / mo$22.67$22.67$22.67
Total monthly$1,419.07$3,720.63$4,211.20
Cash to close$418,861$62,490$62,490