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$504,683$504,683$706,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$201,727$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.957%7.640%
1st payment$2,451.96$2,451.96$4,891.04
2nd payment$0.00$1,302.82$0.00
Taxes / mo$654.08$654.08$654.08
Insurance / mo$216.67$216.67$216.67
MI / mo$412.48$412.48$141.28
HOA / mo$249.00$249.00$249.00
Total monthly$3,984.19$5,287.01$6,152.07
Cash to close$280,217$78,490$78,490