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$182,791$182,791$404,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$221,309$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.366%7.640%
1st payment$1,000.51$1,000.51$2,797.91
2nd payment$0.00$1,429.29$0.00
Taxes / mo$104.08$104.08$104.08
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$80.82
HOA / mo$72.00$72.00$72.00
Total monthly$1,477.94$2,907.23$3,204.81
Cash to close$266,209$44,900$44,900