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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$212,090$212,090$359,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$147,909$0
Funding fee$0$0$0
Note rate2.72%2.72%7.18%
Blended rate3.57%5.39%7.42%
1st payment$996.23$996.23$2,438.76
2nd payment$0.00$986.06$0.00
Taxes / mo$98.42$98.42$98.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.53$173.53$72.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,493.18$2,479.24$2,834.18
Cash to close$187,909$40,000$40,000