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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$368,235$368,235$449,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$80,865$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.524%7.560%
1st payment$2,403.77$2,403.77$3,085.01
2nd payment$0.00$606.49$0.00
Taxes / mo$194.00$194.00$194.00
Insurance / mo$166.67$166.67$166.67
MI / mo$171.62$171.62$89.82
HOA / mo$96.00$96.00$96.00
Total monthly$3,032.06$3,638.54$3,631.49
Cash to close$130,765$49,900$49,900