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$338,605$338,605$697,410
Remaining term (yrs)9.89.830.0
Secondary amount$0$358,805$0
Funding fee$0$0$0
Note rate2.270%2.270%7.400%
Blended rate3.120%5.502%7.640%
1st payment$3,180.37$3,180.37$4,828.73
2nd payment$0.00$2,317.28$0.00
Taxes / mo$570.67$570.67$570.67
Insurance / mo$216.67$216.67$216.67
MI / mo$343.40$343.40$139.48
HOA / mo$12.50$12.50$12.50
Total monthly$4,323.61$6,640.89$5,768.05
Cash to close$436,295$77,490$77,490