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$343,002$343,002$373,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$30,498$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.595%7.640%
1st payment$2,315.29$2,315.29$2,586.04
2nd payment$0.00$228.74$0.00
Taxes / mo$545.66$545.66$545.66
Insurance / mo$150.00$150.00$150.00
MI / mo$160.80$160.80$74.70
HOA / mo$112.00$112.00$112.00
Total monthly$3,283.74$3,512.48$3,468.40
Cash to close$71,998$41,500$41,500