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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$271,992$271,992$369,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$97,008$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%5.219%7.42%
1st payment$1,307.33$1,307.33$2,499.73
2nd payment$0.00$727.56$0.00
Taxes / mo$156.42$156.42$156.42
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$73.80
HOA / mo$45.00$45.00$45.00
Total monthly$1,877.83$2,605.40$2,924.95
Cash to close$138,008$41,000$41,000