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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$211,794$211,794$296,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$84,306$0
Funding fee$0$0$0
Note rate3.6%3.6%7.18%
Blended rate4.45%5.745%7.42%
1st payment$1,111.56$1,111.56$2,005.88
2nd payment$0.00$632.30$0.00
Taxes / mo$219.58$219.58$219.58
Insurance / mo$150.00$150.00$150.00
MI / mo$173.18$173.18$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.32$2,286.62$2,434.69
Cash to close$117,206$32,900$32,900