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$337,162$337,162$388,800
Remaining term (yrs)26.526.530.0
Secondary amount$0$51,638$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.344%7.640%
1st payment$2,229.07$2,229.07$2,691.97
2nd payment$0.00$387.28$0.00
Taxes / mo$163.58$163.58$163.58
Insurance / mo$150.00$150.00$150.00
MI / mo$160.97$160.97$77.76
HOA / mo$0.00$0.00$0.00
Total monthly$2,703.62$3,090.90$3,083.32
Cash to close$94,838$43,200$43,200