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$468,321$468,321$711,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$242,679$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.168%7.640%
1st payment$2,220.96$2,220.96$4,922.82
2nd payment$0.00$1,567.30$0.00
Taxes / mo$571.25$571.25$571.25
Insurance / mo$216.67$216.67$216.67
MI / mo$374.10$374.10$142.20
HOA / mo$85.00$85.00$85.00
Total monthly$3,467.97$5,035.27$5,937.94
Cash to close$321,679$79,000$79,000