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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$279,753$279,753$422,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$143,246$0
Funding fee$0$0$0
Note rate3.06%3.06%7.18%
Blended rate3.91%5.295%7.42%
1st payment$1,347.40$1,347.40$2,865.54
2nd payment$0.00$954.97$0.00
Taxes / mo$73.50$73.50$73.50
Insurance / mo$166.67$166.67$166.67
MI / mo$224.65$224.65$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,812.21$2,767.18$3,190.31
Cash to close$190,246$47,000$47,000