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$369,063$369,063$404,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$35,847$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.269%7.640%
1st payment$1,750.37$1,750.37$2,803.52
2nd payment$0.00$268.85$0.00
Taxes / mo$344.75$344.75$344.75
Insurance / mo$150.00$150.00$150.00
MI / mo$295.59$295.59$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,540.71$2,809.56$3,379.25
Cash to close$80,837$44,990$44,990