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$208,967$208,967$495,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$286,033$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.298%7.640%
1st payment$1,200.71$1,200.71$3,427.28
2nd payment$0.00$1,847.29$0.00
Taxes / mo$201.83$201.83$201.83
Insurance / mo$166.67$166.67$166.67
MI / mo$190.35$190.35$99.00
HOA / mo$121.00$121.00$121.00
Total monthly$1,880.56$3,727.85$4,015.78
Cash to close$341,033$55,000$55,000