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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$261,481$261,481$319,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$58,019$0
Funding fee$0$0$0
Note rate3.56%3.56%7.18%
Blended rate4.41%5.244%7.42%
1st payment$1,304.08$1,304.08$2,164.40
2nd payment$0.00$435.14$0.00
Taxes / mo$130.17$130.17$130.17
Insurance / mo$150.00$150.00$150.00
MI / mo$204.18$204.18$63.90
HOA / mo$253.00$253.00$253.00
Total monthly$2,041.43$2,476.57$2,761.47
Cash to close$93,519$35,500$35,500