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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$248,273$248,273$346,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$98,227$0
Funding fee$0$0$0
Note rate3.33%3.33%7.11%
Blended rate4.18%5.546%7.35%
1st payment$1,264.62$1,264.62$2,330.93
2nd payment$0.00$736.70$0.00
Taxes / mo$307.83$307.83$307.83
Insurance / mo$150.00$150.00$150.00
MI / mo$203.77$203.77$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.22$2,662.92$2,858.06
Cash to close$136,727$38,500$38,500