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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$300,768$300,768$310,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$26,982$0
Funding fee$0$0$0
Note rate6.63%6.63%7.18%
Blended rate7.18%7.567%7.42%
1st payment$1,949.95$1,949.95$2,103.44
2nd payment$0.00$267.01$0.00
Taxes / mo$9.67$9.67$9.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.50$139.50$62.10
HOA / mo$104.00$104.00$104.00
Total monthly$2,353.12$2,620.12$2,429.20
Cash to close$44,232$17,250$34,500