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$267,448$267,448$305,910
Remaining term (yrs)36.436.430.0
Secondary amount$0$38,462$0
Funding fee$0$0$0
Note rate5.430%5.430%7.400%
Blended rate5.980%6.360%7.640%
1st payment$1,404.63$1,404.63$2,118.06
2nd payment$0.00$288.46$0.00
Taxes / mo$533.67$533.67$533.67
Insurance / mo$150.00$150.00$150.00
MI / mo$125.98$125.98$61.18
HOA / mo$15.58$15.58$15.58
Total monthly$2,229.86$2,518.32$2,878.49
Cash to close$72,452$33,990$33,990