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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$257,133$257,133$305,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$48,777$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%4.478%7.42%
1st payment$1,205.66$1,205.66$2,072.34
2nd payment$0.00$365.82$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.15$2,118.97$2,472.36
Cash to close$82,767$33,990$33,990