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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$211,811$211,811$256,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$44,599$0
Funding fee$0$0$0
Note rate2.97%2.97%7.18%
Blended rate3.82%4.721%7.42%
1st payment$1,014.93$1,014.93$1,737.01
2nd payment$0.00$334.49$0.00
Taxes / mo$69.75$69.75$69.75
Insurance / mo$150.00$150.00$150.00
MI / mo$171.17$171.17$51.28
HOA / mo$49.00$49.00$49.00
Total monthly$1,454.85$1,789.34$2,057.04
Cash to close$73,089$28,490$28,490