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$206,414$206,414$256,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$50,086$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.240%7.640%
1st payment$1,157.32$1,157.32$1,775.95
2nd payment$0.00$375.65$0.00
Taxes / mo$48.17$48.17$48.17
Insurance / mo$150.00$150.00$150.00
MI / mo$157.70$157.70$51.30
HOA / mo$199.00$199.00$199.00
Total monthly$1,712.18$2,087.83$2,224.42
Cash to close$78,586$28,500$28,500