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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$254,149$254,149$292,410
Remaining term (yrs)29.129.130.0
Secondary amount$0$38,261$0
Funding fee$0$0$0
Note rate6.19%6.19%7.18%
Blended rate6.74%7.036%7.42%
1st payment$1,568.77$1,568.77$1,980.89
2nd payment$0.00$286.96$0.00
Taxes / mo$22.33$22.33$22.33
Insurance / mo$150.00$150.00$150.00
MI / mo$117.52$117.52$58.48
HOA / mo$13.92$13.92$13.92
Total monthly$1,872.54$2,159.50$2,225.62
Cash to close$70,751$32,490$32,490