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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$221,830$221,830$472,500
Remaining term (yrs)15.715.730.0
Secondary amount$0$250,670$0
Funding fee$0$0$0
Note rate3.8%3.8%7.11%
Blended rate4.65%6.295%7.35%
1st payment$1,555.56$1,555.56$3,178.54
2nd payment$0.00$1,618.91$0.00
Taxes / mo$472.92$472.92$472.92
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$94.50
HOA / mo$31.25$31.25$31.25
Total monthly$2,462.86$4,081.77$3,943.87
Cash to close$303,170$52,500$52,500