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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$201,200$201,200$382,499
Remaining term (yrs)20.920.930.0
Secondary amount$0$181,300$0
Funding fee$0$0$0
Note rate3.89%3.89%7.18%
Blended rate4.74%6.285%7.42%
1st payment$1,169.66$1,169.66$2,591.18
2nd payment$0.00$1,208.66$0.00
Taxes / mo$180.50$180.50$180.50
Insurance / mo$150.00$150.00$150.00
MI / mo$175.87$175.87$76.50
HOA / mo$66.67$66.67$66.67
Total monthly$1,742.70$2,951.36$3,064.85
Cash to close$223,799$42,500$42,500