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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$313,986$313,986$323,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$27,919$0
Funding fee$0$0$0
Note rate6.12%6.12%7.18%
Blended rate6.67%7.095%7.42%
1st payment$1,997.56$1,997.56$2,194.28
2nd payment$0.00$276.28$0.00
Taxes / mo$139.00$139.00$139.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,437.32$2,713.60$2,548.06
Cash to close$45,914$17,995$35,990