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$303,835$303,835$359,991
Remaining term (yrs)24.824.830.0
Secondary amount$0$56,156$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.620%7.640%
1st payment$1,437.75$1,437.75$2,492.50
2nd payment$0.00$421.17$0.00
Taxes / mo$624.99$624.99$624.99
Insurance / mo$150.00$150.00$150.00
MI / mo$242.80$242.80$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,455.53$2,876.70$3,339.49
Cash to close$96,155$39,999$39,999