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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$272,182$272,182$288,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$31,818$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.761%7.42%
1st payment$1,944.11$1,944.11$1,951.01
2nd payment$0.00$314.87$0.00
Taxes / mo$105.42$105.42$105.42
Insurance / mo$150.00$150.00$150.00
MI / mo$129.20$129.20$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,328.73$2,643.60$2,264.03
Cash to close$47,818$16,000$32,000