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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$354,823$354,823$359,865
Remaining term (yrs)25.425.430.0
Secondary amount$0$25,035$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.089%7.42%
1st payment$1,804.62$1,804.62$2,437.85
2nd payment$0.00$247.74$0.00
Taxes / mo$150.42$150.42$150.42
Insurance / mo$150.00$150.00$150.00
MI / mo$275.68$275.68$71.97
HOA / mo$120.00$120.00$120.00
Total monthly$2,500.72$2,748.46$2,930.24
Cash to close$45,027$19,993$39,985