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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$326,522$326,522$382,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$55,978$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.199%7.42%
1st payment$2,049.17$2,049.17$2,591.19
2nd payment$0.00$419.84$0.00
Taxes / mo$62.08$62.08$62.08
Insurance / mo$150.00$150.00$150.00
MI / mo$151.10$151.10$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,412.35$2,832.19$2,879.77
Cash to close$98,478$42,500$42,500