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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$314,561$314,561$333,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$36,939$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%4.604%7.42%
1st payment$1,475.37$1,475.37$2,255.86
2nd payment$0.00$365.55$0.00
Taxes / mo$102.50$102.50$102.50
Insurance / mo$150.00$150.00$150.00
MI / mo$251.08$251.08$66.60
HOA / mo$61.00$61.00$61.00
Total monthly$2,039.95$2,405.49$2,635.96
Cash to close$55,439$18,500$37,000