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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$325,959$325,959$491,400
Remaining term (yrs)26.126.130.0
Secondary amount$0$165,441$0
Funding fee$0$0$0
Note rate6.92%6.92%7.18%
Blended rate7.77%7.847%7.42%
1st payment$2,249.48$2,249.48$3,328.91
2nd payment$0.00$1,102.94$0.00
Taxes / mo$153.00$153.00$153.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.44$241.44$98.28
HOA / mo$68.67$68.67$68.67
Total monthly$2,879.26$3,982.20$3,815.53
Cash to close$220,041$54,600$54,600