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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$328,457$328,457$373,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$45,043$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%4.955%7.42%
1st payment$1,636.33$1,636.33$2,530.22
2nd payment$0.00$337.82$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$150.00$150.00$150.00
MI / mo$256.52$256.52$74.70
HOA / mo$150.00$150.00$150.00
Total monthly$2,386.94$2,724.76$3,099.00
Cash to close$86,543$41,500$41,500