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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$303,761$303,761$369,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$65,239$0
Funding fee$0$0$0
Note rate2.93%2.93%7.18%
Blended rate3.78%4.703%7.42%
1st payment$1,435.94$1,435.94$2,499.73
2nd payment$0.00$489.29$0.00
Taxes / mo$119.50$119.50$119.50
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$73.80
HOA / mo$93.00$93.00$93.00
Total monthly$2,041.87$2,531.16$2,936.03
Cash to close$106,239$41,000$41,000