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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$345,755$345,755$386,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$41,155$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.077%7.42%
1st payment$1,755.09$1,755.09$2,621.06
2nd payment$0.00$308.66$0.00
Taxes / mo$250.75$250.75$250.75
Insurance / mo$150.00$150.00$150.00
MI / mo$268.11$268.11$77.38
HOA / mo$135.00$135.00$135.00
Total monthly$2,558.95$2,867.61$3,234.20
Cash to close$84,145$42,990$42,990