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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$315,576$315,576$324,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$26,424$0
Funding fee$0$0$0
Note rate3.09%3.09%7.18%
Blended rate3.94%4.553%7.42%
1st payment$1,504.68$1,504.68$2,194.89
2nd payment$0.00$261.49$0.00
Taxes / mo$193.50$193.50$193.50
Insurance / mo$150.00$150.00$150.00
MI / mo$249.91$249.91$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,098.09$2,359.57$2,603.19
Cash to close$44,424$18,000$36,000