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$345,451$345,451$377,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$32,459$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.199%7.640%
1st payment$2,276.03$2,276.03$2,616.57
2nd payment$0.00$243.44$0.00
Taxes / mo$82.67$82.67$82.67
Insurance / mo$150.00$150.00$150.00
MI / mo$165.39$165.39$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,674.08$2,917.53$2,924.82
Cash to close$74,449$41,990$41,990