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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$289,260$289,260$425,610
Remaining term (yrs)23.923.930.0
Secondary amount$0$136,350$0
Funding fee$0$0$0
Note rate2.94%2.94%7.18%
Blended rate3.79%5.139%7.42%
1st payment$1,401.23$1,401.23$2,883.23
2nd payment$0.00$909.00$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$166.67$166.67$166.67
MI / mo$237.24$237.24$85.12
HOA / mo$75.00$75.00$75.00
Total monthly$2,034.88$2,943.88$3,364.77
Cash to close$183,640$47,290$47,290