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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$273,105$273,105$283,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,145$0
Funding fee$0$0$0
Note rate5.66%5.66%7.18%
Blended rate6.51%6.979%7.42%
1st payment$1,673.69$1,673.69$1,920.53
2nd payment$0.00$258.73$0.00
Taxes / mo$38.75$38.75$38.75
Insurance / mo$150.00$150.00$150.00
MI / mo$205.16$205.16$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,067.59$2,326.32$2,165.98
Cash to close$41,895$15,750$31,500