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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$344,042$344,042$391,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$47,368$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.502%7.42%
1st payment$1,824.53$1,824.53$2,651.55
2nd payment$0.00$355.26$0.00
Taxes / mo$257.67$257.67$257.67
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$78.28
HOA / mo$139.00$139.00$139.00
Total monthly$2,636.42$2,991.68$3,276.50
Cash to close$90,858$43,490$43,490