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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$328,862$328,862$373,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$44,638$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.283%7.42%
1st payment$2,106.25$2,106.25$2,530.22
2nd payment$0.00$334.79$0.00
Taxes / mo$127.83$127.83$127.83
Insurance / mo$150.00$150.00$150.00
MI / mo$152.73$152.73$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,536.81$2,871.60$2,882.75
Cash to close$86,138$41,500$41,500