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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$231,719$231,719$314,910
Remaining term (yrs)29.629.630.0
Secondary amount$0$83,191$0
Funding fee$0$0$0
Note rate6.3%6.3%7.18%
Blended rate6.85%7.418%7.42%
1st payment$1,439.73$1,439.73$2,133.31
2nd payment$0.00$623.93$0.00
Taxes / mo$80.33$80.33$80.33
Insurance / mo$150.00$150.00$150.00
MI / mo$106.61$106.61$62.98
HOA / mo$45.50$45.50$45.50
Total monthly$1,822.17$2,446.11$2,472.13
Cash to close$118,181$34,990$34,990