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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$288,048$288,048$350,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$62,052$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.606%7.640%
1st payment$1,353.31$1,353.31$2,424.02
2nd payment$0.00$465.39$0.00
Taxes / mo$171.33$171.33$171.33
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$70.02
HOA / mo$84.00$84.00$84.00
Total monthly$1,991.64$2,457.03$2,899.38
Cash to close$100,952$38,900$38,900