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$323,719$323,719$346,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$42,031$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.463%7.640%
1st payment$2,096.60$2,096.60$2,399.10
2nd payment$0.00$415.93$0.00
Taxes / mo$176.33$176.33$176.33
Insurance / mo$150.00$150.00$150.00
MI / mo$154.60$154.60$69.30
HOA / mo$57.33$57.33$57.33
Total monthly$2,634.86$3,050.80$2,852.06
Cash to close$61,281$19,250$38,500