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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$382,979$382,979$562,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$179,521$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%5.549%7.42%
1st payment$1,907.95$1,907.95$3,810.57
2nd payment$0.00$1,196.81$0.00
Taxes / mo$196.50$196.50$196.50
Insurance / mo$166.67$166.67$166.67
MI / mo$299.10$299.10$112.50
HOA / mo$188.33$188.33$188.33
Total monthly$2,758.55$3,955.36$4,474.57
Cash to close$242,021$62,500$62,500