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$276,108$276,108$787,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$511,392$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%6.302%7.640%
1st payment$1,300.83$1,300.83$5,452.49
2nd payment$0.00$3,302.74$0.00
Taxes / mo$157.50$157.50$157.50
Insurance / mo$216.67$216.67$216.67
MI / mo$225.12$225.12$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.12$5,202.86$5,984.16
Cash to close$598,892$87,500$87,500