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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$287,055$287,055$467,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$180,855$0
Funding fee$0$0$0
Note rate2.94%2.94%7.18%
Blended rate3.79%5.417%7.42%
1st payment$1,390.54$1,390.54$3,169.79
2nd payment$0.00$1,205.70$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$166.67$166.67$166.67
MI / mo$235.43$235.43$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.31$3,132.01$3,563.70
Cash to close$232,845$51,990$51,990