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$332,763$332,763$375,999
Remaining term (yrs)27.627.630.0
Secondary amount$0$43,237$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.743%7.640%
1st payment$2,274.64$2,274.64$2,603.34
2nd payment$0.00$324.27$0.00
Taxes / mo$520.33$520.33$520.33
Insurance / mo$150.00$150.00$150.00
MI / mo$156.23$156.23$75.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,101.20$3,425.47$3,348.88
Cash to close$85,014$41,778$41,778