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$240,967$240,967$269,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$28,943$0
Funding fee$0$0$0
Note rate3.69%3.69%7.11%
Blended rate4.54%5.018%7.35%
1st payment$1,218.75$1,218.75$1,815.70
2nd payment$0.00$217.07$0.00
Taxes / mo$261.25$261.25$261.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,817.79$2,034.86$2,280.93
Cash to close$58,933$29,990$29,990