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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$258,393$258,393$359,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$101,517$0
Funding fee$0$0$0
Note rate6.46%6.46%7.18%
Blended rate7.01%7.289%7.42%
1st payment$1,665.18$1,665.18$2,438.16
2nd payment$0.00$676.78$0.00
Taxes / mo$105.92$105.92$105.92
Insurance / mo$150.00$150.00$150.00
MI / mo$121.25$121.25$71.98
HOA / mo$129.00$129.00$129.00
Total monthly$2,171.35$2,848.13$2,895.05
Cash to close$141,507$39,990$39,990