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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$214,256$214,256$476,820
Remaining term (yrs)23.223.230.0
Secondary amount$0$262,564$0
Funding fee$0$0$0
Note rate3.73%3.73%7.18%
Blended rate4.58%6.326%7.42%
1st payment$1,147.01$1,147.01$3,230.14
2nd payment$0.00$1,695.73$0.00
Taxes / mo$185.33$185.33$185.33
Insurance / mo$166.67$166.67$166.67
MI / mo$175.87$175.87$95.36
HOA / mo$106.67$106.67$106.67
Total monthly$1,781.54$3,477.27$3,784.18
Cash to close$315,544$52,980$52,980