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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$314,889$314,889$436,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$121,611$0
Funding fee$0$0$0
Note rate3.21%3.21%7.18%
Blended rate4.06%5.158%7.42%
1st payment$1,576.76$1,576.76$2,957.00
2nd payment$0.00$810.74$0.00
Taxes / mo$737.58$737.58$737.58
Insurance / mo$166.67$166.67$166.67
MI / mo$257.93$257.93$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,738.94$3,549.68$3,948.55
Cash to close$170,111$48,500$48,500