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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$264,726$264,726$314,910
Remaining term (yrs)22.222.230.0
Secondary amount$0$50,184$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.85%5.511%7.42%
1st payment$1,495.37$1,495.37$2,133.31
2nd payment$0.00$376.38$0.00
Taxes / mo$343.83$343.83$343.83
Insurance / mo$150.00$150.00$150.00
MI / mo$221.87$221.87$62.98
HOA / mo$260.00$260.00$260.00
Total monthly$2,471.07$2,847.45$2,950.13
Cash to close$85,174$34,990$34,990