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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$310,375$310,375$413,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$102,725$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%6.55%7.42%
1st payment$1,819.93$1,819.93$2,798.48
2nd payment$0.00$684.83$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$166.67$166.67$166.67
MI / mo$234.24$234.24$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,372.00$3,056.83$3,198.94
Cash to close$148,625$45,900$45,900