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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$331,541$331,541$343,797
Remaining term (yrs)26.226.230.0
Secondary amount$0$31,356$0
Funding fee$0$0$0
Note rate6.36%6.36%7.18%
Blended rate7.21%7.339%7.42%
1st payment$2,164.47$2,164.47$2,329.00
2nd payment$0.00$310.29$0.00
Taxes / mo$169.25$169.25$169.25
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$68.76
HOA / mo$140.00$140.00$140.00
Total monthly$2,782.99$3,093.28$2,857.01
Cash to close$50,456$19,100$38,200