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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$352,737$352,737$386,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$34,173$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.505%7.42%
1st payment$2,337.32$2,337.32$2,621.06
2nd payment$0.00$256.30$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$164.16$164.16$77.38
HOA / mo$61.33$61.33$61.33
Total monthly$2,828.06$3,084.36$3,025.03
Cash to close$77,163$42,990$42,990