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$294,459$294,459$404,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$110,532$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.910%7.640%
1st payment$1,420.36$1,420.36$2,804.08
2nd payment$0.00$736.88$0.00
Taxes / mo$374.99$374.99$374.99
Insurance / mo$150.00$150.00$150.00
MI / mo$236.58$236.58$81.00
HOA / mo$325.00$325.00$325.00
Total monthly$2,506.93$3,243.82$3,735.07
Cash to close$155,531$44,999$44,999