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$353,906$353,906$378,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$45,094$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.522%7.640%
1st payment$2,027.02$2,027.02$2,617.20
2nd payment$0.00$446.24$0.00
Taxes / mo$100.08$100.08$100.08
Insurance / mo$150.00$150.00$150.00
MI / mo$267.77$267.77$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,544.87$2,991.11$2,942.88
Cash to close$66,094$21,000$42,000