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$329,108$329,108$427,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$98,392$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.322%7.640%
1st payment$2,124.70$2,124.70$2,959.92
2nd payment$0.00$737.94$0.00
Taxes / mo$114.25$114.25$114.25
Insurance / mo$166.67$166.67$166.67
MI / mo$157.83$157.83$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,563.45$3,301.38$3,326.34
Cash to close$145,892$47,500$47,500