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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$295,362$295,362$449,935
Remaining term (yrs)24.724.730.0
Secondary amount$0$154,574$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%5.263%7.42%
1st payment$1,403.89$1,403.89$3,048.02
2nd payment$0.00$1,030.49$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$89.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.78$2,910.27$3,377.42
Cash to close$204,566$49,993$49,993