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$242,452$242,452$359,991
Remaining term (yrs)24.324.330.0
Secondary amount$0$117,539$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.983%7.640%
1st payment$1,127.20$1,127.20$2,492.50
2nd payment$0.00$783.60$0.00
Taxes / mo$553.25$553.25$553.25
Insurance / mo$150.00$150.00$150.00
MI / mo$197.62$197.62$72.00
HOA / mo$485.00$485.00$485.00
Total monthly$2,513.07$3,296.67$3,752.75
Cash to close$157,538$39,999$39,999