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$332,863$332,863$495,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$162,137$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.122%7.640%
1st payment$1,552.52$1,552.52$3,427.28
2nd payment$0.00$1,080.91$0.00
Taxes / mo$386.17$386.17$386.17
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$99.00
HOA / mo$144.00$144.00$144.00
Total monthly$2,514.58$3,595.50$4,223.11
Cash to close$217,137$55,000$55,000