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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$199,035$199,035$382,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$183,465$0
Funding fee$0$0$0
Note rate3.29%3.29%7.18%
Blended rate4.14%5.991%7.42%
1st payment$1,014.38$1,014.38$2,591.19
2nd payment$0.00$1,223.10$0.00
Taxes / mo$116.75$116.75$116.75
Insurance / mo$150.00$150.00$150.00
MI / mo$164.27$164.27$76.50
HOA / mo$275.00$275.00$275.00
Total monthly$1,720.39$2,943.49$3,209.44
Cash to close$225,965$42,500$42,500