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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$210,505$210,505$274,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$63,995$0
Funding fee$0$0$0
Note rate6.54%6.54%7.18%
Blended rate7.09%7.535%7.42%
1st payment$1,364.61$1,364.61$1,859.56
2nd payment$0.00$479.96$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$98.54$98.54$54.90
HOA / mo$250.00$250.00$250.00
Total monthly$1,955.07$2,435.03$2,406.38
Cash to close$94,495$30,500$30,500