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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$175,021$175,021$495,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$319,979$0
Funding fee$0$0$0
Note rate3.35%3.35%7.18%
Blended rate4.2%6.495%7.42%
1st payment$1,160.65$1,160.65$3,353.30
2nd payment$0.00$2,066.53$0.00
Taxes / mo$226.50$226.50$226.50
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$99.00
HOA / mo$124.00$124.00$124.00
Total monthly$1,864.36$3,930.89$3,969.47
Cash to close$374,979$55,000$55,000