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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$302,161$302,161$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$80,339$0
Funding fee$0$0$0
Note rate2.96%2.96%7.18%
Blended rate3.81%4.9%7.42%
1st payment$1,436.34$1,436.34$2,591.19
2nd payment$0.00$602.54$0.00
Taxes / mo$257.92$257.92$257.92
Insurance / mo$150.00$150.00$150.00
MI / mo$242.56$242.56$76.50
HOA / mo$148.00$148.00$148.00
Total monthly$2,234.82$2,837.36$3,223.60
Cash to close$122,839$42,500$42,500