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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$216,425$216,425$652,500
Remaining term (yrs)13.013.030.0
Secondary amount$0$436,075$0
Funding fee$0$0$0
Note rate5.07%5.07%7.18%
Blended rate5.92%7.143%7.42%
1st payment$1,888.68$1,888.68$4,420.26
2nd payment$0.00$2,816.32$0.00
Taxes / mo$421.83$421.83$421.83
Insurance / mo$216.67$216.67$216.67
MI / mo$247.24$247.24$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,774.42$5,590.74$5,189.26
Cash to close$508,575$72,500$72,500