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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$255,472$255,472$349,200
Remaining term (yrs)24.524.530.0
Secondary amount$0$93,728$0
Funding fee$0$0$0
Note rate3.17%3.17%7.18%
Blended rate4.02%5.357%7.42%
1st payment$1,247.92$1,247.92$2,365.60
2nd payment$0.00$702.96$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$69.84
HOA / mo$67.00$67.00$67.00
Total monthly$1,842.09$2,545.05$2,824.44
Cash to close$132,528$38,800$38,800