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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$192,903$192,903$561,600
Remaining term (yrs)12.612.630.0
Secondary amount$0$368,697$0
Funding fee$0$0$0
Note rate4.78%4.78%7.18%
Blended rate5.63%7.022%7.42%
1st payment$1,694.28$1,694.28$3,804.47
2nd payment$0.00$2,381.17$0.00
Taxes / mo$277.67$277.67$277.67
Insurance / mo$166.67$166.67$166.67
MI / mo$229.27$229.27$112.32
HOA / mo$70.00$70.00$70.00
Total monthly$2,437.89$4,819.05$4,431.13
Cash to close$431,097$62,400$62,400