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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$333,705$333,705$440,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$107,294$0
Funding fee$0$0$0
Note rate3.01%3.01%7.18%
Blended rate3.86%4.867%7.42%
1st payment$1,580.67$1,580.67$2,987.48
2nd payment$0.00$715.29$0.00
Taxes / mo$252.33$252.33$252.33
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$88.20
HOA / mo$118.00$118.00$118.00
Total monthly$2,382.90$3,098.19$3,612.68
Cash to close$156,294$49,000$49,000