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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$271,452$271,452$364,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$93,048$0
Funding fee$0$0$0
Note rate6.6%6.6%7.18%
Blended rate7.15%7.622%7.42%
1st payment$1,787.04$1,787.04$2,469.25
2nd payment$0.00$697.86$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$72.90
HOA / mo$52.00$52.00$52.00
Total monthly$2,258.12$2,955.98$2,884.98
Cash to close$133,548$40,500$40,500