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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$282,291$282,291$346,050
Remaining term (yrs)24.324.330.0
Secondary amount$0$63,759$0
Funding fee$0$0$0
Note rate2.79%2.79%7.18%
Blended rate3.64%4.628%7.42%
1st payment$1,329.67$1,329.67$2,344.26
2nd payment$0.00$478.19$0.00
Taxes / mo$161.42$161.42$161.42
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$69.21
HOA / mo$155.00$155.00$155.00
Total monthly$2,025.60$2,503.79$2,879.89
Cash to close$102,209$38,450$38,450