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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$359,044$359,044$382,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$44,706$0
Funding fee$0$0$0
Note rate6.42%6.42%7.18%
Blended rate6.97%7.513%7.42%
1st payment$2,346.35$2,346.35$2,591.19
2nd payment$0.00$442.40$0.00
Taxes / mo$176.42$176.42$176.42
Insurance / mo$150.00$150.00$150.00
MI / mo$171.57$171.57$76.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,944.33$3,386.74$3,094.10
Cash to close$65,956$21,250$42,500