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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$335,706$335,706$395,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$59,394$0
Funding fee$0$0$0
Note rate3.1%3.1%7.18%
Blended rate3.95%4.709%7.42%
1st payment$1,598.92$1,598.92$2,676.55
2nd payment$0.00$445.46$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$79.02
HOA / mo$80.00$80.00$80.00
Total monthly$2,292.90$2,738.35$3,184.32
Cash to close$103,294$43,900$43,900