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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$225,553$225,553$467,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$242,357$0
Funding fee$0$0$0
Note rate4.46%4.46%7.18%
Blended rate5.31%6.574%7.42%
1st payment$1,324.92$1,324.92$3,169.79
2nd payment$0.00$1,565.22$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$166.67$166.67$166.67
MI / mo$186.09$186.09$93.58
HOA / mo$101.00$101.00$101.00
Total monthly$1,956.51$3,521.73$3,708.87
Cash to close$294,347$51,990$51,990