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$380,117$380,117$629,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$249,882$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.505%7.640%
1st payment$1,893.01$1,893.01$4,361.99
2nd payment$0.00$1,613.82$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$310.84$310.84$126.00
HOA / mo$135.00$135.00$135.00
Total monthly$3,088.85$4,702.67$5,372.99
Cash to close$319,882$70,000$70,000