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$250,883$250,883$404,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$154,116$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.417%7.640%
1st payment$1,226.34$1,226.34$2,804.13
2nd payment$0.00$1,027.44$0.00
Taxes / mo$539.00$539.00$539.00
Insurance / mo$150.00$150.00$150.00
MI / mo$206.56$206.56$81.00
HOA / mo$173.00$173.00$173.00
Total monthly$2,294.90$3,322.34$3,747.13
Cash to close$199,116$45,000$45,000