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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$337,719$337,719$427,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$89,781$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.460%7.640%
1st payment$2,237.37$2,237.37$2,959.92
2nd payment$0.00$673.35$0.00
Taxes / mo$133.25$133.25$133.25
Insurance / mo$166.67$166.67$166.67
MI / mo$160.43$160.43$85.50
HOA / mo$50.00$50.00$50.00
Total monthly$2,747.71$3,421.07$3,395.34
Cash to close$137,281$47,500$47,500