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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$300,918$300,918$481,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$180,582$0
Funding fee$0$0$0
Note rate3.13%3.13%7.18%
Blended rate3.98%5.488%7.42%
1st payment$1,487.28$1,487.28$3,261.85
2nd payment$0.00$1,203.88$0.00
Taxes / mo$607.33$607.33$607.33
Insurance / mo$166.67$166.67$166.67
MI / mo$245.77$245.77$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,507.05$3,710.93$4,132.15
Cash to close$234,082$53,500$53,500