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$364,763$364,763$377,899
Remaining term (yrs)27.527.530.0
Secondary amount$0$34,131$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.865%7.640%
1st payment$2,476.76$2,476.76$2,616.50
2nd payment$0.00$337.75$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$150.00$150.00$150.00
MI / mo$171.66$171.66$75.58
HOA / mo$67.00$67.00$67.00
Total monthly$2,997.50$3,335.26$3,041.16
Cash to close$55,125$20,994$41,989