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$227,939$227,939$305,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$77,971$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.066%7.640%
1st payment$1,063.14$1,063.14$2,118.06
2nd payment$0.00$584.78$0.00
Taxes / mo$149.17$149.17$149.17
Insurance / mo$150.00$150.00$150.00
MI / mo$181.62$181.62$61.18
HOA / mo$12.50$12.50$12.50
Total monthly$1,556.43$2,141.22$2,490.91
Cash to close$111,961$33,990$33,990