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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$274,355$274,355$305,550
Remaining term (yrs)25.725.730.0
Secondary amount$0$31,195$0
Funding fee$0$0$0
Note rate5.78%5.78%7.18%
Blended rate6.63%6.872%7.42%
1st payment$1,706.16$1,706.16$2,069.90
2nd payment$0.00$233.96$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$206.42$206.42$61.11
HOA / mo$82.00$82.00$82.00
Total monthly$2,236.49$2,470.45$2,454.93
Cash to close$65,145$33,950$33,950