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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$331,922$331,922$517,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$185,578$0
Funding fee$0$0$0
Note rate2.84%2.84%7.11%
Blended rate3.69%5.236%7.35%
1st payment$1,546.53$1,546.53$3,481.26
2nd payment$0.00$1,237.19$0.00
Taxes / mo$386.19$386.19$386.19
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$103.50
HOA / mo$144.00$144.00$144.00
Total monthly$2,508.61$3,745.80$4,281.61
Cash to close$243,078$57,500$57,500