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$214,988$214,988$540,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$325,012$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.440%7.640%
1st payment$1,139.75$1,139.75$3,738.85
2nd payment$0.00$2,099.03$0.00
Taxes / mo$264.50$264.50$264.50
Insurance / mo$166.67$166.67$166.67
MI / mo$177.35$177.35$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.28$3,847.31$4,278.02
Cash to close$385,012$60,000$60,000