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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$236,171$236,171$449,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$213,739$0
Funding fee$0$0$0
Note rate3.5%3.5%7.18%
Blended rate4.35%5.965%7.42%
1st payment$1,221.40$1,221.40$3,047.85
2nd payment$0.00$1,380.40$0.00
Taxes / mo$145.58$145.58$145.58
Insurance / mo$166.67$166.67$166.67
MI / mo$192.67$192.67$89.98
HOA / mo$38.00$38.00$38.00
Total monthly$1,764.32$3,144.72$3,488.08
Cash to close$263,729$49,990$49,990