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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$290,712$290,712$350,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$60,198$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.708%7.42%
1st payment$1,938.04$1,938.04$2,377.19
2nd payment$0.00$451.48$0.00
Taxes / mo$121.75$121.75$121.75
Insurance / mo$150.00$150.00$150.00
MI / mo$135.01$135.01$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,344.80$2,796.28$2,719.12
Cash to close$99,188$38,990$38,990