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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$235,955$235,955$422,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$186,955$0
Funding fee$0$0$0
Note rate5.52%5.52%7.18%
Blended rate6.37%7.091%7.42%
1st payment$1,430.13$1,430.13$2,864.94
2nd payment$0.00$1,246.37$0.00
Taxes / mo$26.83$26.83$26.83
Insurance / mo$166.67$166.67$166.67
MI / mo$178.02$178.02$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,801.65$3,048.02$3,143.02
Cash to close$233,945$46,990$46,990