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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$248,683$248,683$359,910
Remaining term (yrs)26.326.330.0
Secondary amount$0$111,227$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.185%7.560%
1st payment$1,605.48$1,605.48$2,472.33
2nd payment$0.00$741.51$0.00
Taxes / mo$205.83$205.83$205.83
Insurance / mo$150.00$150.00$150.00
MI / mo$119.26$119.26$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,080.57$2,822.09$2,900.15
Cash to close$151,217$39,990$39,990