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$235,659$235,659$719,100
Remaining term (yrs)21.221.230.0
Secondary amount$0$483,441$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%6.537%7.640%
1st payment$1,271.41$1,271.41$4,978.90
2nd payment$0.00$3,122.23$0.00
Taxes / mo$250.58$250.58$250.58
Insurance / mo$216.67$216.67$216.67
MI / mo$208.24$208.24$143.82
HOA / mo$45.00$45.00$45.00
Total monthly$1,991.90$5,114.13$5,634.97
Cash to close$563,341$79,900$79,900