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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$235,133$235,133$269,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$33,967$0
Funding fee$0$0$0
Note rate6.32%6.32%7.18%
Blended rate6.87%7.139%7.42%
1st payment$1,527.27$1,527.27$1,822.98
2nd payment$0.00$254.75$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.85$112.85$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.12$2,133.87$2,115.80
Cash to close$63,867$29,900$29,900