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$305,533$305,533$404,991
Remaining term (yrs)24.924.930.0
Secondary amount$0$99,458$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.941%7.640%
1st payment$1,412.59$1,412.59$2,804.08
2nd payment$0.00$745.93$0.00
Taxes / mo$584.83$584.83$584.83
Insurance / mo$150.00$150.00$150.00
MI / mo$244.46$244.46$81.00
HOA / mo$79.00$79.00$79.00
Total monthly$2,470.88$3,216.82$3,698.91
Cash to close$144,457$44,999$44,999