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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$241,373$241,373$517,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$276,127$0
Funding fee$0$0$0
Note rate3.66%3.66%7.18%
Blended rate4.51%6.239%7.42%
1st payment$1,286.06$1,286.06$3,505.73
2nd payment$0.00$1,783.32$0.00
Taxes / mo$123.75$123.75$123.75
Insurance / mo$166.67$166.67$166.67
MI / mo$198.89$198.89$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.36$3,558.68$3,899.64
Cash to close$333,627$57,500$57,500