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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$309,597$309,597$350,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$40,503$0
Funding fee$0$0$0
Note rate3.17%3.17%7.18%
Blended rate4.02%4.596%7.42%
1st payment$1,512.31$1,512.31$2,371.70
2nd payment$0.00$303.77$0.00
Taxes / mo$115.50$115.50$115.50
Insurance / mo$150.00$150.00$150.00
MI / mo$248.64$248.64$70.02
HOA / mo$62.00$62.00$62.00
Total monthly$2,088.45$2,392.22$2,769.22
Cash to close$79,403$38,900$38,900