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$346,432$346,432$382,050
Remaining term (yrs)26.026.030.0
Secondary amount$0$35,618$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.576%7.640%
1st payment$2,315.44$2,315.44$2,645.24
2nd payment$0.00$267.14$0.00
Taxes / mo$143.42$143.42$143.42
Insurance / mo$150.00$150.00$150.00
MI / mo$257.34$257.34$76.41
HOA / mo$0.00$0.00$0.00
Total monthly$2,866.19$3,133.33$3,015.06
Cash to close$78,068$42,450$42,450