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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$266,367$266,367$328,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$62,133$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%4.743%7.42%
1st payment$1,246.50$1,246.50$2,225.37
2nd payment$0.00$466.00$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.72$2,190.71$2,557.16
Cash to close$98,633$36,500$36,500