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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$206,411$206,411$233,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$27,499$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.341%7.42%
1st payment$969.36$969.36$1,584.59
2nd payment$0.00$206.24$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.60$165.60$46.78
HOA / mo$64.00$64.00$64.00
Total monthly$1,472.96$1,679.20$1,969.37
Cash to close$53,489$25,990$25,990