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$362,201$362,201$629,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$267,709$0
Funding fee$0$0$0
Note rate2.96%2.96%7.11%
Blended rate3.81%5.484%7.35%
1st payment$1,717.83$1,717.83$4,237.44
2nd payment$0.00$1,728.95$0.00
Taxes / mo$429.67$429.67$429.67
Insurance / mo$166.67$166.67$166.67
MI / mo$290.09$290.09$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,604.25$4,333.21$4,959.76
Cash to close$337,699$69,990$69,990