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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$239,402$239,402$404,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$165,508$0
Funding fee$0$0$0
Note rate4.14%4.14%7.18%
Blended rate4.99%6.22%7.42%
1st payment$1,358.19$1,358.19$2,743.00
2nd payment$0.00$1,103.39$0.00
Taxes / mo$131.92$131.92$131.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.15$198.15$80.98
HOA / mo$56.67$56.67$56.67
Total monthly$1,894.93$2,998.32$3,162.57
Cash to close$210,498$44,990$44,990