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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$298,130$298,130$400,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$102,280$0
Funding fee$0$0$0
Note rate5.41%5.41%7.18%
Blended rate6.26%6.704%7.42%
1st payment$1,784.62$1,784.62$2,712.52
2nd payment$0.00$681.87$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,271.24$2,953.10$3,054.35
Cash to close$146,770$44,490$44,490