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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$317,389$317,389$351,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$33,611$0
Funding fee$0$0$0
Note rate6.89%6.89%7.18%
Blended rate7.44%7.589%7.42%
1st payment$2,123.81$2,123.81$2,377.80
2nd payment$0.00$252.08$0.00
Taxes / mo$165.75$165.75$165.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.95$147.95$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,587.51$2,839.59$2,763.75
Cash to close$72,611$39,000$39,000