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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$233,706$233,706$334,350
Remaining term (yrs)24.824.830.0
Secondary amount$0$100,644$0
Funding fee$0$0$0
Note rate2.78%2.78%7.18%
Blended rate3.63%4.945%7.42%
1st payment$1,084.21$1,084.21$2,265.00
2nd payment$0.00$670.96$0.00
Taxes / mo$169.25$169.25$169.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$66.87
HOA / mo$125.00$125.00$125.00
Total monthly$1,715.85$2,386.81$2,776.12
Cash to close$137,794$37,150$37,150