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$337,634$337,634$391,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$53,866$0
Funding fee$0$0$0
Note rate4.99%4.99%7.18%
Blended rate5.84%6.275%7.42%
1st payment$1,936.86$1,936.86$2,652.16
2nd payment$0.00$403.99$0.00
Taxes / mo$122.75$122.75$122.75
Insurance / mo$150.00$150.00$150.00
MI / mo$255.86$255.86$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,465.47$2,869.46$3,003.21
Cash to close$97,366$43,500$43,500