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$298,004$298,004$310,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$29,651$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.676%7.640%
1st payment$1,414.78$1,414.78$2,149.22
2nd payment$0.00$293.43$0.00
Taxes / mo$82.00$82.00$82.00
Insurance / mo$150.00$150.00$150.00
MI / mo$234.38$234.38$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.16$2,174.59$2,443.30
Cash to close$46,896$17,245$34,490