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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$231,942$231,942$432,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$200,058$0
Funding fee$0$0$0
Note rate2.67%2.67%7.18%
Blended rate3.52%5.479%7.42%
1st payment$1,189.40$1,189.40$2,926.52
2nd payment$0.00$1,292.04$0.00
Taxes / mo$135.58$135.58$135.58
Insurance / mo$166.67$166.67$166.67
MI / mo$194.36$194.36$86.40
HOA / mo$115.00$115.00$115.00
Total monthly$1,801.01$3,093.06$3,430.17
Cash to close$248,058$48,000$48,000