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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$294,793$294,793$431,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$136,307$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%5.073%7.42%
1st payment$1,374.96$1,374.96$2,920.42
2nd payment$0.00$908.71$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$166.67$166.67$166.67
MI / mo$234.89$234.89$86.22
HOA / mo$75.33$75.33$75.33
Total monthly$1,985.85$2,894.56$3,382.64
Cash to close$184,207$47,900$47,900