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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$182,214$182,214$391,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$209,286$0
Funding fee$0$0$0
Note rate3.94%3.94%7.18%
Blended rate4.79%6.372%7.42%
1st payment$1,058.73$1,058.73$2,652.16
2nd payment$0.00$1,351.64$0.00
Taxes / mo$170.08$170.08$170.08
Insurance / mo$150.00$150.00$150.00
MI / mo$158.23$158.23$78.30
HOA / mo$71.00$71.00$71.00
Total monthly$1,608.04$2,959.68$3,121.54
Cash to close$252,786$43,500$43,500