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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$203,641$203,641$404,910
Remaining term (yrs)14.014.030.0
Secondary amount$0$201,269$0
Funding fee$0$0$0
Note rate3.51%3.51%7.18%
Blended rate4.36%6.045%7.42%
1st payment$1,528.97$1,528.97$2,743.00
2nd payment$0.00$1,299.86$0.00
Taxes / mo$133.42$133.42$133.42
Insurance / mo$150.00$150.00$150.00
MI / mo$186.58$186.58$80.98
HOA / mo$62.00$62.00$62.00
Total monthly$2,060.96$3,360.82$3,169.40
Cash to close$246,259$44,990$44,990