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$183,792$183,792$490,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$306,708$0
Funding fee$0$0$0
Note rate4.230%4.230%7.400%
Blended rate5.080%6.750%7.640%
1st payment$1,209.52$1,209.52$3,396.12
2nd payment$0.00$1,980.82$0.00
Taxes / mo$270.92$270.92$270.92
Insurance / mo$166.67$166.67$166.67
MI / mo$174.57$174.57$98.10
HOA / mo$121.00$121.00$121.00
Total monthly$1,942.67$3,923.49$4,052.81
Cash to close$361,208$54,500$54,500