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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$239,064$239,064$296,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$57,935$0
Funding fee$0$0$0
Note rate2.84%2.84%7.18%
Blended rate3.69%4.726%7.42%
1st payment$1,113.88$1,113.88$2,011.98
2nd payment$0.00$434.51$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$191.03$191.03$59.40
HOA / mo$196.00$196.00$196.00
Total monthly$1,805.49$2,240.00$2,571.96
Cash to close$90,935$33,000$33,000