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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$226,946$226,946$297,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$70,054$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%4.858%7.42%
1st payment$1,059.49$1,059.49$2,011.98
2nd payment$0.00$525.40$0.00
Taxes / mo$303.42$303.42$303.42
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,697.21$2,222.62$2,524.80
Cash to close$103,054$33,000$33,000