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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$291,336$291,336$539,999
Remaining term (yrs)23.623.630.0
Secondary amount$0$248,663$0
Funding fee$0$0$0
Note rate3.33%3.33%7.18%
Blended rate4.18%5.824%7.42%
1st payment$1,483.97$1,483.97$3,658.14
2nd payment$0.00$1,605.95$0.00
Taxes / mo$325.08$325.08$325.08
Insurance / mo$166.67$166.67$166.67
MI / mo$239.11$239.11$108.00
HOA / mo$6.25$6.25$6.25
Total monthly$2,221.07$3,827.02$4,264.14
Cash to close$308,663$60,000$60,000