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$257,110$257,110$422,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$164,990$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.551%7.640%
1st payment$1,273.73$1,273.73$2,922.54
2nd payment$0.00$1,099.93$0.00
Taxes / mo$147.83$147.83$147.83
Insurance / mo$166.67$166.67$166.67
MI / mo$210.48$210.48$84.42
HOA / mo$104.00$104.00$104.00
Total monthly$1,902.72$3,002.65$3,425.46
Cash to close$211,890$46,900$46,900