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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$163,772$163,772$398,700
Remaining term (yrs)19.719.730.0
Secondary amount$0$234,928$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%6.123%7.640%
1st payment$908.94$908.94$2,760.52
2nd payment$0.00$1,517.25$0.00
Taxes / mo$79.42$79.42$79.42
Insurance / mo$150.00$150.00$150.00
MI / mo$136.67$136.67$79.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,275.03$2,792.27$3,069.67
Cash to close$279,228$44,300$44,300