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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$301,992$301,992$346,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$44,418$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.544%7.560%
1st payment$2,019.03$2,019.03$2,379.60
2nd payment$0.00$333.13$0.00
Taxes / mo$58.25$58.25$58.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.24$142.24$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,369.52$2,702.65$2,657.13
Cash to close$82,908$38,490$38,490