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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$278,439$278,439$312,750
Remaining term (yrs)26.426.430.0
Secondary amount$0$34,311$0
Funding fee$0$0$0
Note rate6.15%6.15%7.18%
Blended rate6.7%6.952%7.42%
1st payment$1,776.63$1,776.63$2,118.68
2nd payment$0.00$257.34$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$133.66$133.66$62.55
HOA / mo$0.00$0.00$0.00
Total monthly$2,150.12$2,407.46$2,421.06
Cash to close$69,061$34,750$34,750