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$274,738$274,738$305,550
Remaining term (yrs)25.825.830.0
Secondary amount$0$30,812$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%6.869%7.640%
1st payment$1,706.16$1,706.16$2,115.57
2nd payment$0.00$231.09$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$206.42$206.42$61.11
HOA / mo$82.00$82.00$82.00
Total monthly$2,236.49$2,467.58$2,500.59
Cash to close$64,762$33,950$33,950