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$243,797$243,797$387,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$143,203$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.531%7.640%
1st payment$1,223.32$1,223.32$2,679.51
2nd payment$0.00$954.69$0.00
Taxes / mo$242.33$242.33$242.33
Insurance / mo$150.00$150.00$150.00
MI / mo$199.61$199.61$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,815.27$2,769.96$3,149.24
Cash to close$186,203$43,000$43,000