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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$216,255$216,255$346,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$130,245$0
Funding fee$0$0$0
Note rate3.26%3.26%7.18%
Blended rate4.11%5.572%7.42%
1st payment$1,091.05$1,091.05$2,347.31
2nd payment$0.00$868.30$0.00
Taxes / mo$127.75$127.75$127.75
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,546.15$2,414.45$2,694.36
Cash to close$168,745$38,500$38,500