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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$154,712$154,712$445,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$290,788$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%6.305%7.42%
1st payment$724.79$724.79$3,017.97
2nd payment$0.00$1,878.00$0.00
Taxes / mo$61.50$61.50$61.50
Insurance / mo$166.67$166.67$166.67
MI / mo$125.92$125.92$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,078.88$2,956.88$3,335.24
Cash to close$340,288$49,500$49,500