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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$223,393$223,393$382,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$159,017$0
Funding fee$0$0$0
Note rate3.36%3.36%7.18%
Blended rate4.21%5.786%7.42%
1st payment$1,144.05$1,144.05$2,590.58
2nd payment$0.00$1,060.11$0.00
Taxes / mo$118.67$118.67$118.67
Insurance / mo$150.00$150.00$150.00
MI / mo$183.65$183.65$76.48
HOA / mo$120.00$120.00$120.00
Total monthly$1,716.37$2,776.48$3,055.73
Cash to close$201,507$42,490$42,490