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$337,336$337,336$517,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$180,164$0
Funding fee$0$0$0
Note rate2.84%2.84%7.18%
Blended rate3.69%5.19%7.42%
1st payment$1,597.58$1,597.58$3,505.73
2nd payment$0.00$1,201.09$0.00
Taxes / mo$610.17$610.17$610.17
Insurance / mo$166.67$166.67$166.67
MI / mo$273.98$273.98$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,648.39$3,849.49$4,386.06
Cash to close$237,664$57,500$57,500