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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$326,341$326,341$382,410
Remaining term (yrs)26.326.330.0
Secondary amount$0$56,069$0
Funding fee$0$0$0
Note rate6.27%6.27%7.18%
Blended rate6.82%7.14%7.42%
1st payment$2,109.43$2,109.43$2,590.58
2nd payment$0.00$420.52$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$156.69$156.69$76.48
HOA / mo$88.00$88.00$88.00
Total monthly$2,620.12$3,040.64$3,021.06
Cash to close$98,559$42,490$42,490