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$268,338$268,338$405,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$136,662$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.456%7.640%
1st payment$1,360.85$1,360.85$2,804.14
2nd payment$0.00$911.08$0.00
Taxes / mo$206.00$206.00$206.00
Insurance / mo$150.00$150.00$150.00
MI / mo$219.82$219.82$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,936.67$2,847.75$3,241.14
Cash to close$181,662$45,000$45,000