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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$335,268$335,268$373,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$38,232$0
Funding fee$0$0$0
Note rate4.67%4.67%7.18%
Blended rate5.52%5.876%7.42%
1st payment$1,873.26$1,873.26$2,530.22
2nd payment$0.00$286.74$0.00
Taxes / mo$104.33$104.33$104.33
Insurance / mo$150.00$150.00$150.00
MI / mo$256.73$256.73$74.70
HOA / mo$99.00$99.00$99.00
Total monthly$2,483.32$2,770.06$2,958.25
Cash to close$79,732$41,500$41,500