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$211,620$211,620$422,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$210,480$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.527%7.640%
1st payment$1,243.07$1,243.07$2,922.54
2nd payment$0.00$1,359.35$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$166.67$166.67$166.67
MI / mo$174.60$174.60$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,718.34$3,077.69$3,307.62
Cash to close$257,380$46,900$46,900