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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$341,793$341,793$521,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$179,307$0
Funding fee$0$0$0
Note rate5.11%5.11%7.18%
Blended rate5.96%6.662%7.42%
1st payment$1,991.08$1,991.08$3,530.11
2nd payment$0.00$1,195.38$0.00
Taxes / mo$217.58$217.58$217.58
Insurance / mo$166.67$166.67$166.67
MI / mo$259.46$259.46$104.22
HOA / mo$153.50$153.50$153.50
Total monthly$2,788.29$3,983.67$4,172.08
Cash to close$237,207$57,900$57,900