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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$334,023$334,023$400,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$66,477$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.515%7.42%
1st payment$2,176.36$2,176.36$2,713.13
2nd payment$0.00$498.58$0.00
Taxes / mo$113.42$113.42$113.42
Insurance / mo$150.00$150.00$150.00
MI / mo$155.06$155.06$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,594.84$3,093.42$3,056.64
Cash to close$110,977$44,500$44,500