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$208,238$208,238$539,910
Remaining term (yrs)16.516.530.0
Secondary amount$0$331,672$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.466%7.640%
1st payment$1,382.99$1,382.99$3,738.23
2nd payment$0.00$2,142.05$0.00
Taxes / mo$466.33$466.33$466.33
Insurance / mo$166.67$166.67$166.67
MI / mo$216.27$216.27$107.98
HOA / mo$32.00$32.00$32.00
Total monthly$2,264.26$4,406.30$4,511.21
Cash to close$391,662$59,990$59,990