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$383,099$383,099$706,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$323,401$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.624%7.640%
1st payment$1,816.80$1,816.80$4,891.66
2nd payment$0.00$2,088.63$0.00
Taxes / mo$132.42$132.42$132.42
Insurance / mo$216.67$216.67$216.67
MI / mo$306.02$306.02$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,471.90$4,560.54$5,382.05
Cash to close$401,901$78,500$78,500