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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$291,186$291,186$434,610
Remaining term (yrs)23.923.930.0
Secondary amount$0$143,424$0
Funding fee$0$0$0
Note rate2.91%2.91%7.18%
Blended rate3.76%5.159%7.42%
1st payment$1,406.07$1,406.07$2,944.20
2nd payment$0.00$956.16$0.00
Taxes / mo$234.08$234.08$234.08
Insurance / mo$166.67$166.67$166.67
MI / mo$238.97$238.97$86.92
HOA / mo$42.33$42.33$42.33
Total monthly$2,088.12$3,044.28$3,474.20
Cash to close$191,714$48,290$48,290