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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$323,882$323,882$427,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$103,618$0
Funding fee$0$0$0
Note rate3.07%3.07%7.18%
Blended rate3.92%4.909%7.42%
1st payment$1,540.89$1,540.89$2,896.03
2nd payment$0.00$690.79$0.00
Taxes / mo$186.67$186.67$186.67
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$85.50
HOA / mo$132.00$132.00$132.00
Total monthly$2,282.80$2,973.59$3,466.87
Cash to close$151,118$47,500$47,500