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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$282,162$282,162$438,750
Remaining term (yrs)23.623.630.0
Secondary amount$0$156,588$0
Funding fee$0$0$0
Note rate3.31%3.31%7.18%
Blended rate4.16%5.53%7.42%
1st payment$1,434.27$1,434.27$2,972.25
2nd payment$0.00$1,043.92$0.00
Taxes / mo$188.25$188.25$188.25
Insurance / mo$166.67$166.67$166.67
MI / mo$231.68$231.68$87.75
HOA / mo$120.00$120.00$120.00
Total monthly$2,140.87$3,184.79$3,534.91
Cash to close$205,338$48,750$48,750