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$222,064$222,064$512,910
Remaining term (yrs)21.621.630.0
Secondary amount$0$290,846$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.698%7.640%
1st payment$1,331.87$1,331.87$3,551.29
2nd payment$0.00$1,878.38$0.00
Taxes / mo$219.33$219.33$219.33
Insurance / mo$166.67$166.67$166.67
MI / mo$186.85$186.85$102.58
HOA / mo$30.00$30.00$30.00
Total monthly$1,934.72$3,813.09$4,069.87
Cash to close$347,836$56,990$56,990