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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$189,372$189,372$382,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$193,128$0
Funding fee$0$0$0
Note rate3.89%3.89%7.18%
Blended rate4.74%6.386%7.42%
1st payment$1,100.90$1,100.90$2,591.19
2nd payment$0.00$1,287.52$0.00
Taxes / mo$80.83$80.83$80.83
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,497.26$2,784.78$2,898.52
Cash to close$235,628$42,500$42,500