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$230,045$230,045$548,100
Remaining term (yrs)21.821.830.0
Secondary amount$0$318,055$0
Funding fee$0$0$0
Note rate4.570%4.570%7.400%
Blended rate5.420%6.772%7.640%
1st payment$1,386.20$1,386.20$3,794.93
2nd payment$0.00$2,054.11$0.00
Taxes / mo$507.50$507.50$507.50
Insurance / mo$166.67$166.67$166.67
MI / mo$192.21$192.21$109.62
HOA / mo$437.00$437.00$437.00
Total monthly$2,689.57$4,743.68$5,015.72
Cash to close$378,955$60,900$60,900