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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$201,230$201,230$494,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$293,680$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%6.359%7.560%
1st payment$1,168.36$1,168.36$3,399.69
2nd payment$0.00$1,896.69$0.00
Taxes / mo$197.17$197.17$197.17
Insurance / mo$166.67$166.67$166.67
MI / mo$184.76$184.76$98.98
HOA / mo$84.00$84.00$84.00
Total monthly$1,800.95$3,697.64$3,946.50
Cash to close$348,670$54,990$54,990