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$236,579$236,579$265,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,921$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.049%7.640%
1st payment$1,523.98$1,523.98$1,838.27
2nd payment$0.00$216.91$0.00
Taxes / mo$84.58$84.58$84.58
Insurance / mo$150.00$150.00$150.00
MI / mo$113.32$113.32$53.10
HOA / mo$336.00$336.00$336.00
Total monthly$2,207.89$2,424.80$2,461.95
Cash to close$58,421$29,500$29,500