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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$300,296$300,296$323,991
Remaining term (yrs)28.428.430.0
Secondary amount$0$41,695$0
Funding fee$0$0$0
Note rate6.76%6.76%7.18%
Blended rate7.31%7.867%7.42%
1st payment$1,981.88$1,981.88$2,194.83
2nd payment$0.00$412.61$0.00
Taxes / mo$142.42$142.42$142.42
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$64.80
HOA / mo$125.00$125.00$125.00
Total monthly$2,539.20$2,951.80$2,677.04
Cash to close$59,694$18,000$35,999