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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$306,181$306,181$922,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$616,319$0
Funding fee$0$0$0
Note rate3.02%3.02%7.18%
Blended rate3.87%6.462%7.42%
1st payment$1,461.68$1,461.68$6,249.34
2nd payment$0.00$3,980.39$0.00
Taxes / mo$231.17$231.17$231.17
Insurance / mo$216.67$216.67$216.67
MI / mo$244.95$244.95$184.50
HOA / mo$175.00$175.00$175.00
Total monthly$2,329.46$6,309.85$7,056.67
Cash to close$718,819$102,500$102,500