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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$337,572$337,572$351,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$32,928$0
Funding fee$0$0$0
Note rate4%4%7.18%
Blended rate4.55%5.201%7.42%
1st payment$1,621.01$1,621.01$2,377.80
2nd payment$0.00$325.85$0.00
Taxes / mo$65.92$65.92$65.92
Insurance / mo$150.00$150.00$150.00
MI / mo$155.62$155.62$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,992.55$2,318.40$2,663.91
Cash to close$52,428$19,500$39,000