Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$333,347$333,347$341,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$27,558$0
Funding fee$0$0$0
Note rate7.18%7.18%7.18%
Blended rate7.73%8.046%7.42%
1st payment$2,329.73$2,329.73$2,316.22
2nd payment$0.00$272.70$0.00
Taxes / mo$112.92$112.92$112.92
Insurance / mo$150.00$150.00$150.00
MI / mo$157.62$157.62$68.38
HOA / mo$90.00$90.00$90.00
Total monthly$2,840.26$3,112.97$2,737.52
Cash to close$46,553$18,995$37,990