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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$249,307$249,307$352,800
Remaining term (yrs)27.927.930.0
Secondary amount$0$103,493$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.491%7.42%
1st payment$1,650.22$1,650.22$2,389.99
2nd payment$0.00$689.96$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$116.85$116.85$70.56
HOA / mo$85.00$85.00$85.00
Total monthly$2,100.66$2,790.61$2,794.13
Cash to close$142,693$39,200$39,200