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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$359,814$359,814$377,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$38,236$0
Funding fee$0$0$0
Note rate5.41%5.41%7.18%
Blended rate6.26%6.799%7.42%
1st payment$2,150.69$2,150.69$2,554.61
2nd payment$0.00$378.38$0.00
Taxes / mo$158.58$158.58$158.58
Insurance / mo$150.00$150.00$150.00
MI / mo$270.99$270.99$75.42
HOA / mo$106.00$106.00$106.00
Total monthly$2,836.27$3,214.65$3,044.61
Cash to close$59,186$20,950$41,900