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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$366,634$366,634$395,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,466$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.330%7.560%
1st payment$2,393.32$2,393.32$2,714.06
2nd payment$0.00$213.49$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.87$170.87$79.02
HOA / mo$98.00$98.00$98.00
Total monthly$2,933.03$3,146.52$3,161.92
Cash to close$72,366$43,900$43,900