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$219,304$219,304$251,999
Remaining term (yrs)25.225.230.0
Secondary amount$0$32,695$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.579%7.640%
1st payment$1,038.80$1,038.80$1,744.79
2nd payment$0.00$245.21$0.00
Taxes / mo$54.50$54.50$54.50
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,416.27$1,661.49$1,999.69
Cash to close$60,695$28,000$28,000