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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$304,051$304,051$319,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$33,199$0
Funding fee$0$0$0
Note rate7.07%7.07%7.18%
Blended rate7.62%8.039%7.42%
1st payment$2,105.20$2,105.20$2,164.40
2nd payment$0.00$328.54$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$63.90
HOA / mo$68.00$68.00$68.00
Total monthly$2,589.13$2,917.66$2,568.22
Cash to close$50,949$17,750$35,500