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$166,413$166,413$439,020
Remaining term (yrs)16.816.830.0
Secondary amount$0$272,607$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.677%7.640%
1st payment$1,135.45$1,135.45$3,039.69
2nd payment$0.00$1,760.59$0.00
Taxes / mo$239.33$239.33$239.33
Insurance / mo$166.67$166.67$166.67
MI / mo$167.05$167.05$87.80
HOA / mo$85.00$85.00$85.00
Total monthly$1,793.49$3,554.08$3,618.49
Cash to close$321,387$48,780$48,780