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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$271,732$271,732$355,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$83,678$0
Funding fee$0$0$0
Note rate2.74%2.74%7.18%
Blended rate3.59%4.864%7.42%
1st payment$1,273.00$1,273.00$2,407.67
2nd payment$0.00$627.58$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$150.00$150.00$150.00
MI / mo$221.16$221.16$71.08
HOA / mo$110.00$110.00$110.00
Total monthly$1,959.16$2,586.74$2,943.75
Cash to close$123,168$39,490$39,490