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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$274,758$274,758$287,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$28,292$0
Funding fee$0$0$0
Note rate6.48%6.48%7.18%
Blended rate7.03%7.482%7.42%
1st payment$1,812.42$1,812.42$1,944.92
2nd payment$0.00$279.97$0.00
Taxes / mo$174.42$174.42$174.42
Insurance / mo$150.00$150.00$150.00
MI / mo$131.70$131.70$57.42
HOA / mo$78.00$78.00$78.00
Total monthly$2,346.53$2,626.51$2,404.75
Cash to close$44,242$15,950$31,900