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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$299,851$299,851$332,910
Remaining term (yrs)27.127.130.0
Secondary amount$0$33,059$0
Funding fee$0$0$0
Note rate7.44%7.44%7.18%
Blended rate7.99%8.09%7.42%
1st payment$2,143.04$2,143.04$2,255.25
2nd payment$0.00$247.94$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$141.31$141.31$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,576.84$2,824.79$2,614.33
Cash to close$70,049$36,990$36,990