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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$277,514$277,514$450,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$172,486$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.718%7.42%
1st payment$1,424.63$1,424.63$3,048.46
2nd payment$0.00$1,149.91$0.00
Taxes / mo$155.25$155.25$155.25
Insurance / mo$166.67$166.67$166.67
MI / mo$226.13$226.13$90.00
HOA / mo$118.00$118.00$118.00
Total monthly$2,090.68$3,240.59$3,578.37
Cash to close$222,486$50,000$50,000