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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$249,401$249,401$373,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$124,099$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%5.009%7.42%
1st payment$1,153.93$1,153.93$2,530.22
2nd payment$0.00$827.33$0.00
Taxes / mo$108.50$108.50$108.50
Insurance / mo$150.00$150.00$150.00
MI / mo$202.31$202.31$74.70
HOA / mo$134.00$134.00$134.00
Total monthly$1,748.74$2,576.07$2,997.42
Cash to close$165,599$41,500$41,500