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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$310,640$310,640$342,900
Remaining term (yrs)25.325.330.0
Secondary amount$0$32,260$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%4.742%7.42%
1st payment$1,530.85$1,530.85$2,322.92
2nd payment$0.00$241.95$0.00
Taxes / mo$109.83$109.83$109.83
Insurance / mo$150.00$150.00$150.00
MI / mo$242.99$242.99$68.58
HOA / mo$99.00$99.00$99.00
Total monthly$2,132.67$2,374.62$2,750.34
Cash to close$70,360$38,100$38,100