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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$269,299$269,299$418,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$149,201$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%5.117%7.42%
1st payment$1,255.06$1,255.06$2,835.06
2nd payment$0.00$994.68$0.00
Taxes / mo$256.92$256.92$256.92
Insurance / mo$166.67$166.67$166.67
MI / mo$220.04$220.04$83.70
HOA / mo$146.00$146.00$146.00
Total monthly$2,044.68$3,039.36$3,488.35
Cash to close$195,701$46,500$46,500