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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$209,502$209,502$382,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$172,998$0
Funding fee$0$0$0
Note rate2.99%2.99%7.18%
Blended rate3.84%5.721%7.42%
1st payment$1,020.26$1,020.26$2,591.19
2nd payment$0.00$1,153.32$0.00
Taxes / mo$117.83$117.83$117.83
Insurance / mo$150.00$150.00$150.00
MI / mo$171.63$171.63$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.73$2,613.05$2,935.52
Cash to close$215,498$42,500$42,500