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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$263,345$263,345$323,991
Remaining term (yrs)28.028.030.0
Secondary amount$0$60,646$0
Funding fee$0$0$0
Note rate6.2%6.2%7.18%
Blended rate6.75%7.171%7.42%
1st payment$1,651.44$1,651.44$2,194.83
2nd payment$0.00$454.84$0.00
Taxes / mo$74.08$74.08$74.08
Insurance / mo$150.00$150.00$150.00
MI / mo$123.58$123.58$64.80
HOA / mo$50.00$50.00$50.00
Total monthly$2,049.11$2,503.95$2,533.71
Cash to close$96,645$35,999$35,999