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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$272,002$272,002$301,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$29,498$0
Funding fee$0$0$0
Note rate5.66%5.66%7.18%
Blended rate6.51%6.754%7.42%
1st payment$1,666.92$1,666.92$2,042.47
2nd payment$0.00$221.24$0.00
Taxes / mo$110.25$110.25$110.25
Insurance / mo$150.00$150.00$150.00
MI / mo$204.33$204.33$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,131.50$2,352.74$2,363.02
Cash to close$62,998$33,500$33,500