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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$216,407$216,407$306,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$89,593$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%5.308%7.42%
1st payment$1,020.67$1,020.67$2,072.95
2nd payment$0.00$671.95$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.03$173.03$61.20
HOA / mo$33.00$33.00$33.00
Total monthly$1,480.04$2,151.99$2,420.48
Cash to close$123,593$34,000$34,000