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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$262,169$262,169$354,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$92,431$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%4.948%7.42%
1st payment$1,221.83$1,221.83$2,402.18
2nd payment$0.00$693.23$0.00
Taxes / mo$102.67$102.67$102.67
Insurance / mo$150.00$150.00$150.00
MI / mo$214.21$214.21$70.92
HOA / mo$178.00$178.00$178.00
Total monthly$1,866.71$2,559.94$2,903.77
Cash to close$131,831$39,400$39,400