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$213,986$213,986$373,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$159,514$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.081%7.640%
1st payment$1,166.66$1,166.66$2,586.04
2nd payment$0.00$1,063.43$0.00
Taxes / mo$103.75$103.75$103.75
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$74.70
HOA / mo$198.00$198.00$198.00
Total monthly$1,795.77$2,859.19$3,112.49
Cash to close$201,014$41,500$41,500