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$333,558$333,558$517,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$183,942$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.235%7.640%
1st payment$1,550.52$1,550.52$3,583.07
2nd payment$0.00$1,226.28$0.00
Taxes / mo$197.83$197.83$197.83
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$103.50
HOA / mo$125.00$125.00$125.00
Total monthly$2,305.25$3,531.53$4,176.07
Cash to close$241,442$57,500$57,500