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$252,032$252,032$314,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$62,878$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.878%7.640%
1st payment$1,208.79$1,208.79$2,180.37
2nd payment$0.00$471.58$0.00
Taxes / mo$347.83$347.83$347.83
Insurance / mo$150.00$150.00$150.00
MI / mo$203.09$203.09$62.98
HOA / mo$120.00$120.00$120.00
Total monthly$2,029.71$2,501.29$2,861.19
Cash to close$97,868$34,990$34,990