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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$211,434$211,434$247,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$36,066$0
Funding fee$0$0$0
Note rate6.69%6.69%7.18%
Blended rate7.24%7.496%7.42%
1st payment$1,391.22$1,391.22$1,676.65
2nd payment$0.00$270.49$0.00
Taxes / mo$74.00$74.00$74.00
Insurance / mo$150.00$150.00$150.00
MI / mo$98.92$98.92$49.50
HOA / mo$110.33$110.33$110.33
Total monthly$1,824.47$2,094.96$2,060.48
Cash to close$63,566$27,500$27,500