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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$230,674$230,674$382,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$151,826$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%5.334%7.42%
1st payment$1,079.47$1,079.47$2,591.19
2nd payment$0.00$1,012.17$0.00
Taxes / mo$92.08$92.08$92.08
Insurance / mo$150.00$150.00$150.00
MI / mo$187.78$187.78$76.50
HOA / mo$85.00$85.00$85.00
Total monthly$1,594.34$2,606.52$2,994.77
Cash to close$194,326$42,500$42,500