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$329,105$329,105$445,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$116,395$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.927%7.640%
1st payment$1,552.00$1,552.00$3,084.55
2nd payment$0.00$775.97$0.00
Taxes / mo$338.75$338.75$338.75
Insurance / mo$166.67$166.67$166.67
MI / mo$261.08$261.08$89.10
HOA / mo$39.00$39.00$39.00
Total monthly$2,357.50$3,133.47$3,718.07
Cash to close$165,895$49,500$49,500