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$290,378$290,378$323,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,532$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%4.876%7.640%
1st payment$1,446.63$1,446.63$2,242.69
2nd payment$0.00$251.49$0.00
Taxes / mo$242.75$242.75$242.75
Insurance / mo$150.00$150.00$150.00
MI / mo$226.78$226.78$64.78
HOA / mo$179.00$179.00$179.00
Total monthly$2,245.16$2,496.65$2,879.22
Cash to close$69,522$35,990$35,990