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$210,264$210,264$269,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$59,735$0
Funding fee$0$0$0
Note rate2.600%2.600%7.400%
Blended rate3.450%4.678%7.640%
1st payment$963.07$963.07$1,869.42
2nd payment$0.00$448.01$0.00
Taxes / mo$147.08$147.08$147.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$54.00
HOA / mo$688.00$688.00$688.00
Total monthly$2,118.55$2,566.56$2,908.50
Cash to close$89,735$30,000$30,000