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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$309,964$309,964$369,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$59,036$0
Funding fee$0$0$0
Note rate6.42%6.42%7.18%
Blended rate6.97%7.295%7.42%
1st payment$2,032.88$2,032.88$2,499.73
2nd payment$0.00$442.77$0.00
Taxes / mo$223.51$223.51$223.51
Insurance / mo$150.00$150.00$150.00
MI / mo$148.65$148.65$73.80
HOA / mo$105.00$105.00$105.00
Total monthly$2,660.03$3,102.80$3,052.04
Cash to close$100,036$41,000$41,000