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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$218,316$218,316$359,865
Remaining term (yrs)23.423.430.0
Secondary amount$0$141,549$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.767%7.42%
1st payment$1,133.31$1,133.31$2,437.85
2nd payment$0.00$943.66$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$179.44$179.44$71.97
HOA / mo$85.00$85.00$85.00
Total monthly$1,710.75$2,654.41$2,907.82
Cash to close$181,534$39,985$39,985