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$326,707$326,707$530,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$204,203$0
Funding fee$0$0$0
Note rate2.97%2.97%7.11%
Blended rate3.82%5.332%7.35%
1st payment$1,569.10$1,569.10$3,571.47
2nd payment$0.00$1,318.81$0.00
Taxes / mo$369.00$369.00$369.00
Insurance / mo$166.67$166.67$166.67
MI / mo$264.64$264.64$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,369.41$3,688.22$4,213.31
Cash to close$263,193$58,990$58,990