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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$272,866$272,866$405,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$132,134$0
Funding fee$0$0$0
Note rate2.99%2.99%7.18%
Blended rate3.84%5.197%7.42%
1st payment$1,332.01$1,332.01$2,743.61
2nd payment$0.00$880.89$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$224.08$224.08$81.00
HOA / mo$260.00$260.00$260.00
Total monthly$2,108.59$2,989.48$3,377.11
Cash to close$177,134$45,000$45,000