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$277,152$277,152$296,999
Remaining term (yrs)26.426.430.0
Secondary amount$0$36,347$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.406%7.640%
1st payment$1,789.27$1,789.27$2,056.36
2nd payment$0.00$359.69$0.00
Taxes / mo$277.50$277.50$277.50
Insurance / mo$150.00$150.00$150.00
MI / mo$132.91$132.91$59.40
HOA / mo$226.00$226.00$226.00
Total monthly$2,575.68$2,935.37$2,769.26
Cash to close$52,847$16,500$33,000