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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$228,838$228,838$427,499
Remaining term (yrs)20.720.730.0
Secondary amount$0$198,662$0
Funding fee$0$0$0
Note rate3.9%3.9%7.18%
Blended rate4.75%6.26%7.42%
1st payment$1,338.43$1,338.43$2,896.03
2nd payment$0.00$1,324.41$0.00
Taxes / mo$208.58$208.58$208.58
Insurance / mo$166.67$166.67$166.67
MI / mo$201.00$201.00$85.50
HOA / mo$415.00$415.00$415.00
Total monthly$2,329.68$3,654.09$3,771.78
Cash to close$246,161$47,500$47,500