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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$200,297$200,297$225,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$37,203$0
Funding fee$0$0$0
Note rate2.98%2.98%7.11%
Blended rate3.83%5.09%7.35%
1st payment$941.43$941.43$1,513.59
2nd payment$0.00$368.15$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,429.67$1,797.82$1,888.26
Cash to close$49,703$12,500$25,000