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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$279,242$279,242$328,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$49,258$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.022%7.42%
1st payment$1,449.58$1,449.58$2,225.37
2nd payment$0.00$369.44$0.00
Taxes / mo$496.67$496.67$496.67
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,325.77$2,695.20$2,937.74
Cash to close$85,758$36,500$36,500