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$346,764$346,764$373,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$26,736$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%5.537%7.640%
1st payment$1,884.58$1,884.58$2,586.04
2nd payment$0.00$200.52$0.00
Taxes / mo$119.33$119.33$119.33
Insurance / mo$150.00$150.00$150.00
MI / mo$265.95$265.95$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,419.86$2,620.38$2,930.07
Cash to close$68,236$41,500$41,500