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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$365,267$365,267$436,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$71,233$0
Funding fee$0$0$0
Note rate6.36%6.36%7.18%
Blended rate7.21%7.502%7.42%
1st payment$2,384.65$2,384.65$2,957.00
2nd payment$0.00$534.25$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$166.67$166.67$166.67
MI / mo$271.18$271.18$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,966.66$3,500.91$3,355.14
Cash to close$119,733$48,500$48,500