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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$286,405$286,405$297,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,095$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%6.572%7.42%
1st payment$1,679.37$1,679.37$2,011.98
2nd payment$0.00$268.13$0.00
Taxes / mo$123.58$123.58$123.58
Insurance / mo$150.00$150.00$150.00
MI / mo$216.15$216.15$59.40
HOA / mo$98.33$98.33$98.33
Total monthly$2,267.43$2,535.56$2,443.29
Cash to close$43,595$16,500$33,000