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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$214,356$214,356$337,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$123,144$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.320%7.640%
1st payment$1,011.00$1,011.00$2,336.78
2nd payment$0.00$820.96$0.00
Taxes / mo$149.92$149.92$149.92
Insurance / mo$150.00$150.00$150.00
MI / mo$171.39$171.39$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,482.31$2,303.27$2,704.20
Cash to close$160,644$37,500$37,500