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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$273,161$273,161$305,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,749$0
Funding fee$0$0$0
Note rate3.55%3.55%7.18%
Blended rate4.4%4.892%7.42%
1st payment$1,360.85$1,360.85$2,072.34
2nd payment$0.00$245.62$0.00
Taxes / mo$172.17$172.17$172.17
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$61.18
HOA / mo$68.00$68.00$68.00
Total monthly$1,964.36$2,209.97$2,523.69
Cash to close$66,739$33,990$33,990