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$292,313$292,313$309,600
Remaining term (yrs)26.026.030.0
Secondary amount$0$34,487$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.479%7.640%
1st payment$1,867.37$1,867.37$2,143.61
2nd payment$0.00$341.28$0.00
Taxes / mo$128.00$128.00$128.00
Insurance / mo$150.00$150.00$150.00
MI / mo$218.04$218.04$61.92
HOA / mo$0.00$0.00$0.00
Total monthly$2,363.41$2,704.69$2,483.53
Cash to close$51,687$17,200$34,400