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$282,224$282,224$391,491
Remaining term (yrs)24.724.730.0
Secondary amount$0$109,267$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.979%7.640%
1st payment$1,338.52$1,338.52$2,710.60
2nd payment$0.00$728.44$0.00
Taxes / mo$194.17$194.17$194.17
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,908.72$2,637.17$3,133.07
Cash to close$152,766$43,499$43,499