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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$271,053$271,053$347,400
Remaining term (yrs)29.029.030.0
Secondary amount$0$76,347$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.291%7.640%
1st payment$1,687.04$1,687.04$2,405.33
2nd payment$0.00$572.60$0.00
Taxes / mo$104.50$104.50$104.50
Insurance / mo$150.00$150.00$150.00
MI / mo$125.45$125.45$69.48
HOA / mo$49.00$49.00$49.00
Total monthly$2,115.99$2,688.59$2,778.31
Cash to close$114,947$38,600$38,600