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$363,250$363,250$414,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$50,750$0
Funding fee$0$0$0
Note rate5.11%5.11%7.18%
Blended rate5.96%6.333%7.42%
1st payment$2,119.39$2,119.39$2,804.58
2nd payment$0.00$380.63$0.00
Taxes / mo$142.58$142.58$142.58
Insurance / mo$166.67$166.67$166.67
MI / mo$276.18$276.18$82.80
HOA / mo$159.00$159.00$159.00
Total monthly$2,863.82$3,244.45$3,355.63
Cash to close$96,750$46,000$46,000