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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$305,216$305,216$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$68,284$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%4.71%7.42%
1st payment$1,428.31$1,428.31$2,530.22
2nd payment$0.00$512.13$0.00
Taxes / mo$222.50$222.50$222.50
Insurance / mo$150.00$150.00$150.00
MI / mo$243.07$243.07$74.70
HOA / mo$146.00$146.00$146.00
Total monthly$2,189.87$2,702.00$3,123.42
Cash to close$109,784$41,500$41,500