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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$281,109$281,109$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$101,391$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%4.994%7.42%
1st payment$1,353.93$1,353.93$2,591.19
2nd payment$0.00$675.94$0.00
Taxes / mo$269.92$269.92$269.92
Insurance / mo$150.00$150.00$150.00
MI / mo$225.74$225.74$76.50
HOA / mo$138.00$138.00$138.00
Total monthly$2,137.58$2,813.52$3,225.60
Cash to close$143,891$42,500$42,500