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$221,874$221,874$306,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$84,126$0
Funding fee$0$0$0
Note rate3.300%3.300%7.400%
Blended rate4.150%5.483%7.640%
1st payment$1,126.66$1,126.66$2,118.68
2nd payment$0.00$630.94$0.00
Taxes / mo$147.17$147.17$147.17
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$61.20
HOA / mo$67.00$67.00$67.00
Total monthly$1,673.05$2,303.99$2,544.05
Cash to close$118,126$34,000$34,000