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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$309,854$309,854$337,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$27,556$0
Funding fee$0$0$0
Note rate3.05%3.05%7.18%
Blended rate3.9%4.317%7.42%
1st payment$1,477.43$1,477.43$2,285.73
2nd payment$0.00$206.67$0.00
Taxes / mo$164.25$164.25$164.25
Insurance / mo$150.00$150.00$150.00
MI / mo$246.64$246.64$67.48
HOA / mo$110.00$110.00$110.00
Total monthly$2,148.32$2,355.00$2,777.46
Cash to close$65,046$37,490$37,490