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$273,489$273,489$283,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$25,761$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.972%7.640%
1st payment$1,673.69$1,673.69$1,962.90
2nd payment$0.00$254.93$0.00
Taxes / mo$38.75$38.75$38.75
Insurance / mo$150.00$150.00$150.00
MI / mo$205.16$205.16$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,067.59$2,322.52$2,208.35
Cash to close$41,511$15,750$31,500