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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$363,965$363,965$485,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$121,945$0
Funding fee$0$0$0
Note rate5.1%5.1%7.18%
Blended rate5.95%6.464%7.42%
1st payment$2,121.41$2,121.41$3,291.72
2nd payment$0.00$812.97$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$166.67$166.67$166.67
MI / mo$276.76$276.76$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,705.67$3,518.64$3,696.41
Cash to close$175,935$53,990$53,990