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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$324,518$324,518$674,999
Remaining term (yrs)24.124.130.0
Secondary amount$0$350,481$0
Funding fee$0$0$0
Note rate2.77%2.77%7.18%
Blended rate3.62%5.764%7.42%
1st payment$1,532.59$1,532.59$4,572.68
2nd payment$0.00$2,263.53$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$216.67$216.67$216.67
MI / mo$265.23$265.23$135.00
HOA / mo$110.00$110.00$110.00
Total monthly$2,293.23$4,556.76$5,203.10
Cash to close$425,481$75,000$75,000