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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$287,821$287,821$584,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$296,279$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.991%7.560%
1st payment$1,462.68$1,462.68$4,012.36
2nd payment$0.00$1,913.47$0.00
Taxes / mo$194.92$194.92$194.92
Insurance / mo$166.67$166.67$166.67
MI / mo$235.68$235.68$116.82
HOA / mo$31.00$31.00$31.00
Total monthly$2,090.94$4,004.41$4,521.77
Cash to close$361,179$64,900$64,900