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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$221,277$221,277$391,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$170,223$0
Funding fee$0$0$0
Note rate2.5%2.5%7.18%
Blended rate3.35%5.372%7.42%
1st payment$1,009.77$1,009.77$2,652.16
2nd payment$0.00$1,134.82$0.00
Taxes / mo$153.75$153.75$153.75
Insurance / mo$0.00$0.00$0.00
MI / mo$181.02$181.02$78.30
HOA / mo$153.00$153.00$153.00
Total monthly$1,497.55$2,632.37$3,037.21
Cash to close$213,723$43,500$43,500