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$360,340$360,340$377,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$37,710$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.792%7.640%
1st payment$2,150.69$2,150.69$2,610.96
2nd payment$0.00$373.17$0.00
Taxes / mo$158.58$158.58$158.58
Insurance / mo$150.00$150.00$150.00
MI / mo$270.99$270.99$75.42
HOA / mo$106.00$106.00$106.00
Total monthly$2,836.27$3,209.45$3,100.97
Cash to close$58,660$20,950$41,900