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$266,699$266,699$535,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$268,801$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.301%7.640%
1st payment$1,484.66$1,484.66$3,707.69
2nd payment$0.00$1,736.01$0.00
Taxes / mo$247.08$247.08$247.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.54$220.54$107.10
HOA / mo$19.00$19.00$19.00
Total monthly$2,137.96$3,873.96$4,247.54
Cash to close$328,301$59,500$59,500