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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$242,817$242,817$319,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$76,683$0
Funding fee$0$0$0
Note rate6.27%6.27%7.18%
Blended rate6.82%7.343%7.42%
1st payment$1,569.54$1,569.54$2,164.40
2nd payment$0.00$575.13$0.00
Taxes / mo$160.42$160.42$160.42
Insurance / mo$150.00$150.00$150.00
MI / mo$116.59$116.59$63.90
HOA / mo$72.00$72.00$72.00
Total monthly$2,068.55$2,643.67$2,610.72
Cash to close$112,183$35,500$35,500