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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$332,815$332,815$382,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$49,685$0
Funding fee$0$0$0
Note rate6.95%6.95%7.18%
Blended rate7.5%7.695%7.42%
1st payment$2,255.28$2,255.28$2,591.19
2nd payment$0.00$372.64$0.00
Taxes / mo$86.33$86.33$86.33
Insurance / mo$150.00$150.00$150.00
MI / mo$156.16$156.16$76.50
HOA / mo$75.00$75.00$75.00
Total monthly$2,722.77$3,095.41$2,979.02
Cash to close$92,185$42,500$42,500