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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$212,224$212,224$445,410
Remaining term (yrs)19.619.630.0
Secondary amount$0$233,186$0
Funding fee$0$0$0
Note rate3.6%3.6%7.18%
Blended rate4.45%6.178%7.42%
1st payment$1,252.49$1,252.49$3,017.36
2nd payment$0.00$1,505.99$0.00
Taxes / mo$194.92$194.92$194.92
Insurance / mo$166.67$166.67$166.67
MI / mo$195.14$195.14$89.08
HOA / mo$53.00$53.00$53.00
Total monthly$1,862.21$3,368.21$3,521.03
Cash to close$282,676$49,490$49,490