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$367,178$367,178$380,250
Remaining term (yrs)26.626.630.0
Secondary amount$0$34,197$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.653%7.640%
1st payment$2,464.67$2,464.67$2,632.77
2nd payment$0.00$338.41$0.00
Taxes / mo$231.67$231.67$231.67
Insurance / mo$150.00$150.00$150.00
MI / mo$174.88$174.88$76.05
HOA / mo$126.00$126.00$126.00
Total monthly$3,147.22$3,485.63$3,216.49
Cash to close$55,322$21,125$42,250