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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$253,941$253,941$386,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$132,159$0
Funding fee$0$0$0
Note rate3.7%3.7%7.18%
Blended rate4.55%5.731%7.42%
1st payment$1,355.38$1,355.38$2,615.58
2nd payment$0.00$881.06$0.00
Taxes / mo$114.08$114.08$114.08
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,828.05$2,709.11$2,956.88
Cash to close$175,059$42,900$42,900