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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$229,813$229,813$562,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$332,687$0
Funding fee$0$0$0
Note rate4.55%4.55%7.18%
Blended rate5.4%6.79%7.42%
1st payment$1,376.18$1,376.18$3,810.57
2nd payment$0.00$2,148.60$0.00
Taxes / mo$176.58$176.58$176.58
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$112.50
HOA / mo$33.33$33.33$33.33
Total monthly$1,944.02$4,092.63$4,299.65
Cash to close$395,187$62,500$62,500