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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$339,178$339,178$449,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$110,821$0
Funding fee$0$0$0
Note rate6.33%6.33%7.18%
Blended rate7.18%7.382%7.42%
1st payment$2,210.65$2,210.65$3,048.45
2nd payment$0.00$738.81$0.00
Taxes / mo$132.17$132.17$132.17
Insurance / mo$166.67$166.67$166.67
MI / mo$252.18$252.18$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,761.66$3,500.47$3,437.28
Cash to close$160,821$50,000$50,000