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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$256,440$256,440$308,700
Remaining term (yrs)29.229.230.0
Secondary amount$0$52,260$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate5.800%6.342%7.560%
1st payment$1,429.39$1,429.39$2,120.55
2nd payment$0.00$391.95$0.00
Taxes / mo$110.58$110.58$110.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.64$118.64$61.74
HOA / mo$97.00$97.00$97.00
Total monthly$1,905.61$2,297.56$2,539.88
Cash to close$86,560$34,300$34,300