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$211,688$211,688$350,999
Remaining term (yrs)23.223.230.0
Secondary amount$0$139,311$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.919%7.640%
1st payment$1,129.86$1,129.86$2,430.25
2nd payment$0.00$928.74$0.00
Taxes / mo$125.42$125.42$125.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$70.20
HOA / mo$64.00$64.00$64.00
Total monthly$1,643.16$2,571.90$2,839.86
Cash to close$178,311$39,000$39,000