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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$240,914$240,914$377,100
Remaining term (yrs)10.110.130.0
Secondary amount$0$136,186$0
Funding fee$0$0$0
Note rate6.51%6.51%7.18%
Blended rate7.36%7.591%7.42%
1st payment$2,704.90$2,704.90$2,554.61
2nd payment$0.00$907.91$0.00
Taxes / mo$169.17$169.17$169.17
Insurance / mo$150.00$150.00$150.00
MI / mo$302.81$302.81$75.42
HOA / mo$5.67$5.67$5.67
Total monthly$3,332.55$4,240.46$2,954.86
Cash to close$178,086$41,900$41,900