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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$330,656$330,656$359,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$29,254$0
Funding fee$0$0$0
Note rate3%3%7.18%
Blended rate3.85%4.269%7.42%
1st payment$1,578.65$1,578.65$2,438.16
2nd payment$0.00$219.40$0.00
Taxes / mo$86.42$86.42$86.42
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$71.98
HOA / mo$75.00$75.00$75.00
Total monthly$2,155.30$2,374.70$2,821.55
Cash to close$69,244$39,990$39,990