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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$206,062$206,062$436,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$230,438$0
Funding fee$0$0$0
Note rate2.88%2.88%7.18%
Blended rate3.73%5.852%7.42%
1st payment$1,120.15$1,120.15$2,957.00
2nd payment$0.00$1,488.25$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$166.67$166.67$166.67
MI / mo$174.11$174.11$87.30
HOA / mo$72.00$72.00$72.00
Total monthly$1,736.51$3,224.76$3,486.55
Cash to close$278,938$48,500$48,500