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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$289,478$289,478$481,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$192,022$0
Funding fee$0$0$0
Note rate3.23%3.23%7.18%
Blended rate4.08%5.643%7.42%
1st payment$1,459.35$1,459.35$3,261.85
2nd payment$0.00$1,280.14$0.00
Taxes / mo$175.50$175.50$175.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.12$238.12$96.30
HOA / mo$55.00$55.00$55.00
Total monthly$2,094.63$3,374.78$3,755.32
Cash to close$245,522$53,500$53,500