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$359,467$359,467$382,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$44,283$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.508%7.640%
1st payment$2,346.35$2,346.35$2,648.35
2nd payment$0.00$438.22$0.00
Taxes / mo$176.42$176.42$176.42
Insurance / mo$150.00$150.00$150.00
MI / mo$171.57$171.57$76.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,944.33$3,382.55$3,151.27
Cash to close$65,533$21,250$42,500