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$0$0$275,310
Remaining term (yrs)——30.0
Secondary amount$0$275,310$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$1,906.19
2nd payment$0.00$1,778.04$0.00
Taxes / mo$13.33$13.33$13.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.06
HOA / mo$0.00$0.00$0.00
Total monthly$163.33$1,941.38$2,124.59
Cash to close$305,900$30,590$30,590