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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$376,023$376,023$413,991
Remaining term (yrs)28.428.430.0
Secondary amount$0$37,968$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.229%7.42%
1st payment$2,417.93$2,417.93$2,804.52
2nd payment$0.00$284.76$0.00
Taxes / mo$27.58$27.58$27.58
Insurance / mo$166.67$166.67$166.67
MI / mo$175.33$175.33$82.80
HOA / mo$153.00$153.00$153.00
Total monthly$2,940.51$3,225.27$3,234.57
Cash to close$83,967$45,999$45,999