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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$349,722$349,722$449,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$99,378$0
Funding fee$0$0$0
Note rate4.42%4.42%7.18%
Blended rate5.27%6.095%7.42%
1st payment$1,903.99$1,903.99$3,042.36
2nd payment$0.00$745.34$0.00
Taxes / mo$214.25$214.25$214.25
Insurance / mo$166.67$166.67$166.67
MI / mo$268.69$268.69$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,553.59$3,298.93$3,513.10
Cash to close$149,278$49,900$49,900