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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$205,503$205,503$314,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$108,597$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.161%7.640%
1st payment$965.50$965.50$2,174.76
2nd payment$0.00$723.98$0.00
Taxes / mo$73.83$73.83$73.83
Insurance / mo$150.00$150.00$150.00
MI / mo$166.23$166.23$62.82
HOA / mo$340.00$340.00$340.00
Total monthly$1,695.56$2,419.54$2,801.42
Cash to close$143,497$34,900$34,900