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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$303,761$303,761$323,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$38,144$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%4.683%7.42%
1st payment$1,435.94$1,435.94$2,194.28
2nd payment$0.00$377.47$0.00
Taxes / mo$147.25$147.25$147.25
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$64.78
HOA / mo$201.00$201.00$201.00
Total monthly$2,177.62$2,555.09$2,757.31
Cash to close$56,139$17,995$35,990