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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$374,242$374,242$404,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$30,668$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.558%7.42%
1st payment$2,523.81$2,523.81$2,743.00
2nd payment$0.00$230.01$0.00
Taxes / mo$67.42$67.42$67.42
Insurance / mo$150.00$150.00$150.00
MI / mo$175.82$175.82$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,917.04$3,147.05$3,041.40
Cash to close$75,658$44,990$44,990