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$322,367$322,367$373,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$51,043$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.355%7.640%
1st payment$1,486.98$1,486.98$2,585.42
2nd payment$0.00$382.82$0.00
Taxes / mo$156.08$156.08$156.08
Insurance / mo$150.00$150.00$150.00
MI / mo$257.34$257.34$74.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,050.40$2,433.22$2,966.18
Cash to close$92,533$41,490$41,490