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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$218,887$218,887$256,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$37,613$0
Funding fee$0$0$0
Note rate5.52%5.52%7.18%
Blended rate6.37%6.756%7.42%
1st payment$1,324.76$1,324.76$1,737.62
2nd payment$0.00$282.10$0.00
Taxes / mo$76.92$76.92$76.92
Insurance / mo$150.00$150.00$150.00
MI / mo$164.90$164.90$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,716.58$1,998.67$2,015.84
Cash to close$66,113$28,500$28,500