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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$271,675$271,675$314,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$43,235$0
Funding fee$0$0$0
Note rate2.73%2.73%7.18%
Blended rate3.58%4.324%7.42%
1st payment$1,271.35$1,271.35$2,133.31
2nd payment$0.00$324.26$0.00
Taxes / mo$205.00$205.00$205.00
Insurance / mo$150.00$150.00$150.00
MI / mo$221.16$221.16$62.98
HOA / mo$110.00$110.00$110.00
Total monthly$1,957.51$2,281.77$2,661.29
Cash to close$78,225$34,990$34,990