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$224,746$224,746$359,991
Remaining term (yrs)23.523.530.0
Secondary amount$0$135,245$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.703%7.640%
1st payment$1,164.02$1,164.02$2,492.50
2nd payment$0.00$901.64$0.00
Taxes / mo$312.17$312.17$312.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.30$184.30$72.00
HOA / mo$205.00$205.00$205.00
Total monthly$2,015.48$2,917.12$3,231.67
Cash to close$175,244$39,999$39,999