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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$347,202$347,202$359,991
Remaining term (yrs)28.328.330.0
Secondary amount$0$32,788$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.466%7.42%
1st payment$2,234.87$2,234.87$2,438.70
2nd payment$0.00$324.47$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$150.00$150.00$150.00
MI / mo$162.06$162.06$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,715.68$3,040.15$2,829.45
Cash to close$52,788$20,000$39,999