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$216,566$216,566$554,850
Remaining term (yrs)15.515.530.0
Secondary amount$0$338,284$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.599%7.640%
1st payment$1,546.74$1,546.74$3,841.67
2nd payment$0.00$2,184.75$0.00
Taxes / mo$504.67$504.67$504.67
Insurance / mo$166.67$166.67$166.67
MI / mo$230.88$230.88$110.97
HOA / mo$72.00$72.00$72.00
Total monthly$2,520.95$4,705.71$4,695.97
Cash to close$399,934$61,650$61,650