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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$255,415$255,415$401,310
Remaining term (yrs)24.224.230.0
Secondary amount$0$145,895$0
Funding fee$0$0$0
Note rate2.68%2.68%7.18%
Blended rate3.53%5.155%7.42%
1st payment$1,191.65$1,191.65$2,718.61
2nd payment$0.00$972.63$0.00
Taxes / mo$108.75$108.75$108.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$80.26
HOA / mo$188.67$188.67$188.67
Total monthly$1,847.72$2,820.35$3,246.30
Cash to close$190,485$44,590$44,590