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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$258,484$258,484$332,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$74,426$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.362%7.42%
1st payment$1,625.42$1,625.42$2,255.25
2nd payment$0.00$558.19$0.00
Taxes / mo$61.00$61.00$61.00
Insurance / mo$150.00$150.00$150.00
MI / mo$119.85$119.85$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,956.27$2,514.47$2,532.83
Cash to close$111,416$36,990$36,990