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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$280,884$280,884$355,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$74,616$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%4.718%7.42%
1st payment$1,305.07$1,305.07$2,408.28
2nd payment$0.00$559.62$0.00
Taxes / mo$80.75$80.75$80.75
Insurance / mo$150.00$150.00$150.00
MI / mo$227.03$227.03$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.85$2,322.47$2,710.13
Cash to close$114,116$39,500$39,500