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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$260,002$260,002$463,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$203,498$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%5.433%7.42%
1st payment$1,227.90$1,227.90$3,139.91
2nd payment$0.00$1,314.26$0.00
Taxes / mo$235.00$235.00$235.00
Insurance / mo$166.67$166.67$166.67
MI / mo$212.50$212.50$92.70
HOA / mo$208.67$208.67$208.67
Total monthly$2,050.74$3,365.00$3,842.95
Cash to close$254,998$51,500$51,500