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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$274,683$274,683$367,200
Remaining term (yrs)24.624.630.0
Secondary amount$0$92,517$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%5.118%7.42%
1st payment$1,308.72$1,308.72$2,487.54
2nd payment$0.00$693.88$0.00
Taxes / mo$152.83$152.83$152.83
Insurance / mo$150.00$150.00$150.00
MI / mo$221.01$221.01$73.44
HOA / mo$121.00$121.00$121.00
Total monthly$1,953.56$2,647.43$2,984.81
Cash to close$133,317$40,800$40,800