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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$260,323$260,323$625,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$365,177$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.073%7.640%
1st payment$1,214.18$1,214.18$4,330.84
2nd payment$0.00$2,358.44$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.43$207.43$125.10
HOA / mo$43.33$43.33$43.33
Total monthly$1,808.69$4,167.13$4,843.02
Cash to close$434,677$69,500$69,500