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$211,087$211,087$409,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$198,413$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.356%7.640%
1st payment$1,299.87$1,299.87$2,835.30
2nd payment$0.00$1,322.75$0.00
Taxes / mo$644.00$644.00$644.00
Insurance / mo$166.67$166.67$166.67
MI / mo$193.79$193.79$81.90
HOA / mo$150.67$150.67$150.67
Total monthly$2,455.00$3,777.75$3,878.53
Cash to close$243,913$45,500$45,500