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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$264,692$264,692$279,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$29,808$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.538%7.42%
1st payment$1,688.68$1,688.68$1,890.04
2nd payment$0.00$294.97$0.00
Taxes / mo$56.17$56.17$56.17
Insurance / mo$150.00$150.00$150.00
MI / mo$122.45$122.45$55.80
HOA / mo$185.00$185.00$185.00
Total monthly$2,202.30$2,497.27$2,337.01
Cash to close$45,308$15,500$31,000