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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$287,157$287,157$562,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$275,253$0
Funding fee$0$0$0
Note rate3.33%3.33%7.18%
Blended rate4.18%5.927%7.42%
1st payment$1,462.68$1,462.68$3,809.96
2nd payment$0.00$1,777.68$0.00
Taxes / mo$194.92$194.92$194.92
Insurance / mo$166.67$166.67$166.67
MI / mo$235.68$235.68$112.48
HOA / mo$31.00$31.00$31.00
Total monthly$2,090.94$3,868.62$4,315.03
Cash to close$337,743$62,490$62,490