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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$200,302$200,302$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$146,198$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%5.526%7.42%
1st payment$936.36$936.36$2,347.31
2nd payment$0.00$974.66$0.00
Taxes / mo$198.25$198.25$198.25
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$69.30
HOA / mo$66.67$66.67$66.67
Total monthly$1,511.25$2,485.91$2,831.53
Cash to close$184,698$38,500$38,500