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$338,165$338,165$391,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$53,335$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.270%7.640%
1st payment$1,936.86$1,936.86$2,710.67
2nd payment$0.00$400.01$0.00
Taxes / mo$122.75$122.75$122.75
Insurance / mo$150.00$150.00$150.00
MI / mo$255.86$255.86$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,465.47$2,865.48$3,061.72
Cash to close$96,835$43,500$43,500