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$236,614$236,614$319,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$82,886$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.090%7.640%
1st payment$1,101.11$1,101.11$2,212.15
2nd payment$0.00$621.64$0.00
Taxes / mo$101.41$101.41$101.41
Insurance / mo$150.00$150.00$150.00
MI / mo$188.11$188.11$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.63$2,162.27$2,527.47
Cash to close$118,386$35,500$35,500