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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$308,752$308,752$424,800
Remaining term (yrs)24.624.630.0
Secondary amount$0$116,048$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%4.955%7.42%
1st payment$1,471.04$1,471.04$2,877.74
2nd payment$0.00$773.65$0.00
Taxes / mo$152.33$152.33$152.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.42$248.42$84.96
HOA / mo$62.00$62.00$62.00
Total monthly$2,100.46$2,874.11$3,343.70
Cash to close$163,248$47,200$47,200