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$2,588$2,588$213,548
Remaining term (yrs)22.522.530.0
Secondary amount$0$210,960$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%7.700%7.640%
1st payment$12.88$12.88$1,478.57
2nd payment$0.00$1,362.45$0.00
Taxes / mo$52,059.25$52,059.25$52,059.25
Insurance / mo$150.00$150.00$150.00
MI / mo$2.13$2.13$42.71
HOA / mo$0.00$0.00$0.00
Total monthly$52,224.26$53,586.71$53,730.53
Cash to close$234,688$23,728$23,728