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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$233,373$233,373$328,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$95,127$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.356%7.42%
1st payment$1,114.10$1,114.10$2,225.37
2nd payment$0.00$713.45$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$150.00$150.00$150.00
MI / mo$186.70$186.70$65.70
HOA / mo$86.33$86.33$86.33
Total monthly$1,633.46$2,346.91$2,623.74
Cash to close$131,627$36,500$36,500