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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$288,175$288,175$494,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$206,824$0
Funding fee$0$0$0
Note rate6.64%6.64%7.18%
Blended rate7.19%7.424%7.42%
1st payment$1,879.27$1,879.27$3,353.30
2nd payment$0.00$1,335.74$0.00
Taxes / mo$205.67$205.67$205.67
Insurance / mo$166.67$166.67$166.67
MI / mo$134.31$134.31$99.00
HOA / mo$95.00$95.00$95.00
Total monthly$2,480.92$3,816.66$3,919.63
Cash to close$261,824$55,000$55,000