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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$326,307$326,307$454,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$128,193$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.851%7.560%
1st payment$1,975.13$1,975.13$3,122.10
2nd payment$0.00$854.62$0.00
Taxes / mo$187.92$187.92$187.92
Insurance / mo$166.67$166.67$166.67
MI / mo$245.05$245.05$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,574.76$3,429.38$3,567.58
Cash to close$178,693$50,500$50,500