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$268,724$268,724$314,964
Remaining term (yrs)26.026.030.0
Secondary amount$0$46,240$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.782%7.640%
1st payment$1,626.58$1,626.58$2,180.75
2nd payment$0.00$346.80$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$201.80$201.80$62.99
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.72$2,436.52$2,505.07
Cash to close$81,236$34,996$34,996