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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$352,907$352,907$472,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$119,503$0
Funding fee$0$0$0
Note rate5.13%5.13%7.18%
Blended rate5.98%6.491%7.42%
1st payment$2,050.46$2,050.46$3,200.27
2nd payment$0.00$796.68$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$166.67$166.67$166.67
MI / mo$266.60$266.60$94.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,650.14$3,446.83$3,627.84
Cash to close$171,993$52,490$52,490