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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$289,425$289,425$363,600
Remaining term (yrs)25.425.430.0
Secondary amount$0$74,175$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.506%7.42%
1st payment$1,472.01$1,472.01$2,463.15
2nd payment$0.00$556.32$0.00
Taxes / mo$177.67$177.67$177.67
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$72.72
HOA / mo$110.00$110.00$110.00
Total monthly$2,134.54$2,690.86$2,973.54
Cash to close$114,575$40,400$40,400