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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$365,672$365,672$405,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$39,328$0
Funding fee$0$0$0
Note rate5.13%5.13%7.18%
Blended rate5.98%6.273%7.42%
1st payment$2,131.18$2,131.18$2,743.61
2nd payment$0.00$294.96$0.00
Taxes / mo$138.08$138.08$138.08
Insurance / mo$150.00$150.00$150.00
MI / mo$277.09$277.09$81.00
HOA / mo$126.00$126.00$126.00
Total monthly$2,822.36$3,117.32$3,238.69
Cash to close$84,328$45,000$45,000