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$184,912$184,912$605,700
Remaining term (yrs)22.022.030.0
Secondary amount$0$420,788$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%7.048%7.640%
1st payment$1,112.42$1,112.42$4,193.74
2nd payment$0.00$2,717.59$0.00
Taxes / mo$125.58$125.58$125.58
Insurance / mo$166.67$166.67$166.67
MI / mo$153.71$153.71$121.14
HOA / mo$0.00$0.00$0.00
Total monthly$1,558.38$4,275.97$4,607.13
Cash to close$488,088$67,300$67,300