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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$275,445$275,445$787,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$512,055$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%6.305%7.42%
1st payment$1,300.83$1,300.83$5,334.80
2nd payment$0.00$3,307.02$0.00
Taxes / mo$157.50$157.50$157.50
Insurance / mo$216.67$216.67$216.67
MI / mo$225.12$225.12$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.12$5,207.14$5,866.47
Cash to close$599,555$87,500$87,500