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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$309,610$309,610$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$63,890$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.104%7.640%
1st payment$1,522.66$1,522.66$2,586.04
2nd payment$0.00$479.18$0.00
Taxes / mo$161.17$161.17$161.17
Insurance / mo$150.00$150.00$150.00
MI / mo$241.69$241.69$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,075.51$2,554.69$2,971.91
Cash to close$105,390$41,500$41,500