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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$206,574$206,574$486,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$279,426$0
Funding fee$0$0$0
Note rate4.120%4.120%7.320%
Blended rate4.970%6.568%7.560%
1st payment$1,245.05$1,245.05$3,338.48
2nd payment$0.00$1,804.62$0.00
Taxes / mo$129.50$129.50$129.50
Insurance / mo$166.67$166.67$166.67
MI / mo$182.08$182.08$97.20
HOA / mo$65.00$65.00$65.00
Total monthly$1,788.29$3,592.91$3,796.85
Cash to close$333,426$54,000$54,000