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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$295,461$295,461$431,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$135,639$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.067%7.560%
1st payment$1,374.96$1,374.96$2,961.36
2nd payment$0.00$904.26$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$166.67$166.67$166.67
MI / mo$234.89$234.89$86.22
HOA / mo$75.33$75.33$75.33
Total monthly$1,985.85$2,890.11$3,423.57
Cash to close$183,539$47,900$47,900