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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$191,646$191,646$481,500
Remaining term (yrs)21.421.430.0
Secondary amount$0$289,854$0
Funding fee$0$0$0
Note rate4.430%4.430%7.320%
Blended rate5.280%6.767%7.560%
1st payment$1,150.49$1,150.49$3,307.57
2nd payment$0.00$1,871.98$0.00
Taxes / mo$138.33$138.33$138.33
Insurance / mo$166.67$166.67$166.67
MI / mo$162.16$162.16$96.30
HOA / mo$50.00$50.00$50.00
Total monthly$1,667.65$3,539.63$3,758.87
Cash to close$343,354$53,500$53,500