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$282,882$282,882$449,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$166,218$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.298%7.640%
1st payment$1,317.94$1,317.94$3,109.48
2nd payment$0.00$1,108.12$0.00
Taxes / mo$381.78$381.78$381.78
Insurance / mo$166.67$166.67$166.67
MI / mo$225.44$225.44$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,091.83$3,199.95$3,747.74
Cash to close$216,118$49,900$49,900