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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$357,458$357,458$369,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$32,042$0
Funding fee$0$0$0
Note rate6.42%6.42%7.18%
Blended rate6.97%7.374%7.42%
1st payment$2,338.76$2,338.76$2,499.73
2nd payment$0.00$317.08$0.00
Taxes / mo$248.42$248.42$248.42
Insurance / mo$150.00$150.00$150.00
MI / mo$171.01$171.01$73.80
HOA / mo$360.00$360.00$360.00
Total monthly$3,268.19$3,585.27$3,331.95
Cash to close$52,542$20,500$41,000