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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$323,465$323,465$369,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$45,535$0
Funding fee$0$0$0
Note rate6.35%6.35%7.18%
Blended rate6.9%7.159%7.42%
1st payment$2,036.13$2,036.13$2,499.73
2nd payment$0.00$341.51$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.98$149.98$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,435.61$2,777.12$2,823.03
Cash to close$86,535$41,000$41,000