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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$270,813$270,813$395,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$125,097$0
Funding fee$0$0$0
Note rate2.81%2.81%7.18%
Blended rate3.66%5.031%7.42%
1st payment$1,275.34$1,275.34$2,682.03
2nd payment$0.00$833.98$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$219.57$219.57$79.18
HOA / mo$81.00$81.00$81.00
Total monthly$1,854.75$2,688.73$3,121.05
Cash to close$169,087$43,990$43,990