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$353,274$353,274$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$51,726$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.551%7.640%
1st payment$1,666.06$1,666.06$2,804.14
2nd payment$0.00$387.94$0.00
Taxes / mo$126.49$126.49$126.49
Insurance / mo$150.00$150.00$150.00
MI / mo$278.13$278.13$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,220.68$2,608.62$3,161.62
Cash to close$96,726$45,000$45,000