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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$213,685$213,685$449,910
Remaining term (yrs)20.620.630.0
Secondary amount$0$236,225$0
Funding fee$0$0$0
Note rate4.05%4.05%7.18%
Blended rate4.9%6.396%7.42%
1st payment$1,273.32$1,273.32$3,047.85
2nd payment$0.00$1,525.62$0.00
Taxes / mo$182.50$182.50$182.50
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$89.98
HOA / mo$43.33$43.33$43.33
Total monthly$1,853.61$3,379.22$3,530.33
Cash to close$286,215$49,990$49,990