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$453,419$453,419$697,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$244,081$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.091%7.640%
1st payment$2,130.26$2,130.26$4,829.35
2nd payment$0.00$1,576.35$0.00
Taxes / mo$524.08$524.08$524.08
Insurance / mo$216.67$216.67$216.67
MI / mo$366.76$366.76$139.50
HOA / mo$99.00$99.00$99.00
Total monthly$3,336.77$4,913.12$5,808.60
Cash to close$321,581$77,500$77,500