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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$187,573$187,573$404,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$216,527$0
Funding fee$0$0$0
Note rate4.07%4.07%7.18%
Blended rate4.92%6.436%7.42%
1st payment$1,054.66$1,054.66$2,737.51
2nd payment$0.00$1,398.41$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$155.16$155.16$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.07$2,845.48$3,055.58
Cash to close$261,427$44,900$44,900