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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$308,374$308,374$341,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$33,625$0
Funding fee$0$0$0
Note rate6.64%6.64%7.18%
Blended rate7.19%7.368%7.42%
1st payment$2,035.88$2,035.88$2,316.82
2nd payment$0.00$252.19$0.00
Taxes / mo$111.58$111.58$111.58
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$68.40
HOA / mo$73.00$73.00$73.00
Total monthly$2,515.97$2,768.16$2,719.80
Cash to close$71,625$38,000$38,000