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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$219,022$219,022$265,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$46,478$0
Funding fee$0$0$0
Note rate3.77%3.77%7.18%
Blended rate4.62%5.387%7.42%
1st payment$1,185.19$1,185.19$1,798.59
2nd payment$0.00$348.59$0.00
Taxes / mo$432.89$432.89$432.89
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,948.91$2,297.50$2,434.58
Cash to close$75,978$29,500$29,500