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$212,701$212,701$472,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$259,799$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.386%7.640%
1st payment$1,296.09$1,296.09$3,271.49
2nd payment$0.00$1,677.87$0.00
Taxes / mo$669.41$669.41$669.41
Insurance / mo$166.67$166.67$166.67
MI / mo$195.35$195.35$94.50
HOA / mo$215.00$215.00$215.00
Total monthly$2,542.52$4,220.39$4,417.07
Cash to close$312,299$52,500$52,500