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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$163,264$163,264$398,250
Remaining term (yrs)19.619.630.0
Secondary amount$0$234,986$0
Funding fee$0$0$0
Note rate2.94%2.94%7.18%
Blended rate3.79%6.127%7.42%
1st payment$908.94$908.94$2,697.88
2nd payment$0.00$1,517.62$0.00
Taxes / mo$79.42$79.42$79.42
Insurance / mo$150.00$150.00$150.00
MI / mo$136.67$136.67$79.65
HOA / mo$0.00$0.00$0.00
Total monthly$1,275.03$2,792.65$3,006.95
Cash to close$279,236$44,250$44,250