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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$279,833$279,833$333,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$53,167$0
Funding fee$0$0$0
Note rate6.19%6.19%7.18%
Blended rate6.74%7.101%7.42%
1st payment$1,729.07$1,729.07$2,255.86
2nd payment$0.00$398.75$0.00
Taxes / mo$62.08$62.08$62.08
Insurance / mo$150.00$150.00$150.00
MI / mo$129.53$129.53$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,070.68$2,469.43$2,534.54
Cash to close$90,167$37,000$37,000