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$348,272$348,272$392,850
Remaining term (yrs)24.824.830.0
Secondary amount$0$44,578$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.417%7.640%
1st payment$1,651.64$1,651.64$2,720.01
2nd payment$0.00$334.34$0.00
Taxes / mo$156.92$156.92$156.92
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$78.57
HOA / mo$0.00$0.00$0.00
Total monthly$2,236.76$2,571.09$3,105.50
Cash to close$88,228$43,650$43,650