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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$339,248$339,248$418,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$79,252$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.441%7.42%
1st payment$1,722.06$1,722.06$2,835.06
2nd payment$0.00$594.39$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$166.67$166.67$166.67
MI / mo$263.07$263.07$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.30$2,958.68$3,297.93
Cash to close$125,752$46,500$46,500