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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$271,356$271,356$324,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$52,644$0
Funding fee$0$0$0
Note rate2.87%2.87%7.18%
Blended rate3.72%4.578%7.42%
1st payment$1,265.64$1,265.64$2,194.89
2nd payment$0.00$394.83$0.00
Taxes / mo$399.00$399.00$399.00
Insurance / mo$150.00$150.00$150.00
MI / mo$216.22$216.22$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,030.86$2,425.70$2,808.69
Cash to close$88,644$36,000$36,000