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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$346,767$346,767$382,499
Remaining term (yrs)25.325.330.0
Secondary amount$0$35,732$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%4.739%7.42%
1st payment$1,708.88$1,708.88$2,591.18
2nd payment$0.00$267.99$0.00
Taxes / mo$115.67$115.67$115.67
Insurance / mo$150.00$150.00$150.00
MI / mo$271.25$271.25$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,245.80$2,513.79$2,933.35
Cash to close$78,232$42,500$42,500