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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$372,355$372,355$408,600
Remaining term (yrs)26.826.830.0
Secondary amount$0$36,245$0
Funding fee$0$0$0
Note rate6.81%6.81%7.18%
Blended rate7.36%7.505%7.42%
1st payment$2,517.89$2,517.89$2,768.00
2nd payment$0.00$271.83$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$166.67$166.67$166.67
MI / mo$176.84$176.84$81.72
HOA / mo$150.00$150.00$150.00
Total monthly$3,238.32$3,510.15$3,393.30
Cash to close$81,645$45,400$45,400