Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$260,310$260,310$395,991
Remaining term (yrs)0.10.130.0
Secondary amount$0$135,681$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.090%6.744%7.640%
1st payment$87,572.25$87,572.25$2,741.76
2nd payment$0.00$904.54$0.00
Taxes / mo$75.08$75.08$75.08
Insurance / mo$150.00$150.00$150.00
MI / mo$467.50$467.50$79.20
HOA / mo$164.00$164.00$164.00
Total monthly$88,428.83$89,333.37$3,210.04
Cash to close$179,680$43,999$43,999