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$218,428$218,428$269,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$51,571$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.623%7.640%
1st payment$1,020.83$1,020.83$1,869.42
2nd payment$0.00$386.79$0.00
Taxes / mo$45.17$45.17$45.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$54.00
HOA / mo$208.00$208.00$208.00
Total monthly$1,601.35$1,988.14$2,326.59
Cash to close$81,571$30,000$30,000