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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$355,261$355,261$378,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$43,739$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.771%7.42%
1st payment$1,884.02$1,884.02$2,560.70
2nd payment$0.00$432.84$0.00
Taxes / mo$227.75$227.75$227.75
Insurance / mo$150.00$150.00$150.00
MI / mo$273.88$273.88$75.60
HOA / mo$146.00$146.00$146.00
Total monthly$2,681.65$3,114.49$3,160.05
Cash to close$64,739$21,000$42,000