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$312,272$312,272$355,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$43,228$0
Funding fee$0$0$0
Note rate6.61%6.61%7.18%
Blended rate7.46%7.647%7.42%
1st payment$2,088.13$2,088.13$2,408.28
2nd payment$0.00$324.21$0.00
Taxes / mo$65.83$65.83$65.83
Insurance / mo$150.00$150.00$150.00
MI / mo$231.35$231.35$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,535.31$2,859.53$2,695.21
Cash to close$82,728$39,500$39,500