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$340,476$340,476$346,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,274$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.523%7.640%
1st payment$2,280.11$2,280.11$2,399.10
2nd payment$0.00$250.11$0.00
Taxes / mo$331.34$331.34$331.34
Insurance / mo$150.00$150.00$150.00
MI / mo$162.79$162.79$69.30
HOA / mo$90.00$90.00$90.00
Total monthly$3,014.24$3,264.35$3,039.73
Cash to close$44,524$19,250$38,500