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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$367,872$367,872$449,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$81,228$0
Funding fee$0$0$0
Note rate6.65%6.65%7.18%
Blended rate7.2%7.526%7.42%
1st payment$2,403.77$2,403.77$3,042.36
2nd payment$0.00$609.21$0.00
Taxes / mo$194.00$194.00$194.00
Insurance / mo$166.67$166.67$166.67
MI / mo$171.62$171.62$89.82
HOA / mo$96.00$96.00$96.00
Total monthly$3,032.06$3,641.27$3,588.85
Cash to close$131,128$49,900$49,900