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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$253,621$253,621$373,499
Remaining term (yrs)24.624.630.0
Secondary amount$0$119,878$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.223%7.640%
1st payment$1,218.78$1,218.78$2,586.03
2nd payment$0.00$799.19$0.00
Taxes / mo$118.08$118.08$118.08
Insurance / mo$150.00$150.00$150.00
MI / mo$203.20$203.20$74.70
HOA / mo$396.00$396.00$396.00
Total monthly$2,086.07$2,885.25$3,324.82
Cash to close$161,378$41,500$41,500