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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$210,798$210,798$688,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$477,702$0
Funding fee$0$0$0
Note rate3.13%3.13%7.18%
Blended rate3.98%6.596%7.42%
1st payment$1,046.76$1,046.76$4,664.14
2nd payment$0.00$3,085.16$0.00
Taxes / mo$204.75$204.75$204.75
Insurance / mo$216.67$216.67$216.67
MI / mo$172.98$172.98$137.70
HOA / mo$112.00$112.00$112.00
Total monthly$1,753.15$4,838.31$5,335.26
Cash to close$554,202$76,500$76,500