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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$325,438$325,438$400,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$74,972$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%4.603%7.42%
1st payment$1,524.60$1,524.60$2,712.52
2nd payment$0.00$562.29$0.00
Taxes / mo$185.25$185.25$185.25
Insurance / mo$150.00$150.00$150.00
MI / mo$264.87$264.87$80.08
HOA / mo$110.00$110.00$110.00
Total monthly$2,234.72$2,797.01$3,237.85
Cash to close$119,462$44,490$44,490