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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$184,509$184,509$605,700
Remaining term (yrs)21.921.930.0
Secondary amount$0$421,191$0
Funding fee$0$0$0
Note rate4.6%4.6%7.18%
Blended rate5.45%7.049%7.42%
1st payment$1,112.42$1,112.42$4,103.22
2nd payment$0.00$2,720.19$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$166.67$166.67$166.67
MI / mo$153.71$153.71$121.14
HOA / mo$0.00$0.00$0.00
Total monthly$1,558.38$4,278.57$4,516.61
Cash to close$488,491$67,300$67,300