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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$203,141$203,141$382,500
Remaining term (yrs)21.621.630.0
Secondary amount$0$179,359$0
Funding fee$0$0$0
Note rate4.59%4.59%7.18%
Blended rate5.44%6.64%7.42%
1st payment$1,231.79$1,231.79$2,591.19
2nd payment$0.00$1,195.73$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$76.50
HOA / mo$58.00$58.00$58.00
Total monthly$1,730.86$2,926.58$2,996.35
Cash to close$221,859$42,500$42,500