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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$266,881$266,881$332,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$65,219$0
Funding fee$0$0$0
Note rate2.88%2.88%7.18%
Blended rate3.73%4.765%7.42%
1st payment$1,246.15$1,246.15$2,249.76
2nd payment$0.00$489.14$0.00
Taxes / mo$156.75$156.75$156.75
Insurance / mo$150.00$150.00$150.00
MI / mo$212.61$212.61$66.42
HOA / mo$97.00$97.00$97.00
Total monthly$1,862.52$2,351.66$2,719.93
Cash to close$102,119$36,900$36,900