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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$222,150$222,150$414,000
Remaining term (yrs)12.412.430.0
Secondary amount$0$191,850$0
Funding fee$0$0$0
Note rate3.6%3.6%7.18%
Blended rate4.45%6.095%7.42%
1st payment$1,841.31$1,841.31$2,804.58
2nd payment$0.00$1,279.00$0.00
Taxes / mo$205.42$205.42$205.42
Insurance / mo$166.67$166.67$166.67
MI / mo$286.88$286.88$82.80
HOA / mo$120.00$120.00$120.00
Total monthly$2,620.27$3,899.27$3,379.46
Cash to close$237,850$46,000$46,000