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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$263,959$263,959$279,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$30,541$0
Funding fee$0$0$0
Note rate3.07%3.07%7.18%
Blended rate3.92%4.745%7.42%
1st payment$1,253.05$1,253.05$1,890.04
2nd payment$0.00$302.23$0.00
Taxes / mo$54.58$54.58$54.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$55.80
HOA / mo$33.00$33.00$33.00
Total monthly$1,699.28$2,001.51$2,183.43
Cash to close$46,041$15,500$31,000