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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$206,411$206,411$351,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$144,589$0
Funding fee$0$0$0
Note rate4.08%4.08%7.11%
Blended rate4.93%6.195%7.35%
1st payment$1,159.13$1,159.13$2,361.20
2nd payment$0.00$963.93$0.00
Taxes / mo$286.33$286.33$286.33
Insurance / mo$150.00$150.00$150.00
MI / mo$170.33$170.33$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,765.79$2,729.71$2,867.73
Cash to close$183,589$39,000$39,000