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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$162,021$162,021$390,600
Remaining term (yrs)26.626.630.0
Secondary amount$0$228,579$0
Funding fee$0$0$0
Note rate6.43%6.43%7.18%
Blended rate6.98%7.431%7.42%
1st payment$1,059.83$1,059.83$2,646.06
2nd payment$0.00$1,476.24$0.00
Taxes / mo$141.42$141.42$141.42
Insurance / mo$150.00$150.00$150.00
MI / mo$77.41$77.41$78.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,428.66$2,904.90$3,015.60
Cash to close$271,979$43,400$43,400