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$262,928$262,928$405,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$142,072$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.793%7.640%
1st payment$1,413.56$1,413.56$2,804.14
2nd payment$0.00$947.14$0.00
Taxes / mo$178.25$178.25$178.25
Insurance / mo$150.00$150.00$150.00
MI / mo$216.20$216.20$81.00
HOA / mo$70.00$70.00$70.00
Total monthly$2,028.01$2,975.16$3,283.39
Cash to close$187,072$45,000$45,000