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$198,891$198,891$535,320
Remaining term (yrs)13.513.530.0
Secondary amount$0$336,429$0
Funding fee$0$0$0
Note rate2.010%2.010%7.400%
Blended rate2.860%5.933%7.640%
1st payment$1,387.95$1,387.95$3,706.45
2nd payment$0.00$2,172.77$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$166.67$166.67$166.67
MI / mo$265.63$265.63$107.06
HOA / mo$52.67$52.67$52.67
Total monthly$2,089.66$4,262.43$4,249.60
Cash to close$395,909$59,480$59,480