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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$335,533$335,533$369,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$33,467$0
Funding fee$0$0$0
Note rate3.070%3.070%7.240%
Blended rate3.920%4.381%7.480%
1st payment$1,592.83$1,592.83$2,514.73
2nd payment$0.00$251.00$0.00
Taxes / mo$115.92$115.92$115.92
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$73.80
HOA / mo$60.00$60.00$60.00
Total monthly$2,183.97$2,434.97$2,914.44
Cash to close$74,467$41,000$41,000