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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$269,436$269,436$337,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$68,064$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.443%7.42%
1st payment$1,739.66$1,739.66$2,286.34
2nd payment$0.00$510.48$0.00
Taxes / mo$128.50$128.50$128.50
Insurance / mo$150.00$150.00$150.00
MI / mo$126.15$126.15$67.50
HOA / mo$43.33$43.33$43.33
Total monthly$2,187.64$2,698.12$2,675.67
Cash to close$105,564$37,500$37,500