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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$267,138$267,138$337,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$70,362$0
Funding fee$0$0$0
Note rate3.26%3.26%7.18%
Blended rate4.11%5.129%7.42%
1st payment$1,347.77$1,347.77$2,286.34
2nd payment$0.00$527.71$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$67.50
HOA / mo$40.00$40.00$40.00
Total monthly$1,858.68$2,386.39$2,645.68
Cash to close$107,862$37,500$37,500