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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$278,862$278,862$490,410
Remaining term (yrs)24.624.630.0
Secondary amount$0$211,548$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.566%7.42%
1st payment$1,340.07$1,340.07$3,322.21
2nd payment$0.00$1,366.25$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$166.67$166.67$166.67
MI / mo$223.43$223.43$98.08
HOA / mo$25.00$25.00$25.00
Total monthly$1,902.08$3,268.33$3,758.87
Cash to close$266,038$54,490$54,490