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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$247,986$247,986$526,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$278,514$0
Funding fee$0$0$0
Note rate3.93%3.93%7.18%
Blended rate4.78%6.351%7.42%
1st payment$1,545.50$1,545.50$3,566.69
2nd payment$0.00$1,798.74$0.00
Taxes / mo$621.67$621.67$621.67
Insurance / mo$166.67$166.67$166.67
MI / mo$231.25$231.25$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,565.09$4,363.83$4,460.33
Cash to close$337,014$58,500$58,500