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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$333,057$333,057$620,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$287,043$0
Funding fee$0$0$0
Note rate2.71%2.71%7.18%
Blended rate3.56%5.5%7.42%
1st payment$1,555.20$1,555.20$4,200.77
2nd payment$0.00$1,853.82$0.00
Taxes / mo$96.00$96.00$96.00
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.11$3,942.94$4,587.46
Cash to close$355,943$68,900$68,900