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$258,895$258,895$292,499
Remaining term (yrs)27.227.230.0
Secondary amount$0$33,604$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.106%7.640%
1st payment$1,848.58$1,848.58$2,025.20
2nd payment$0.00$252.03$0.00
Taxes / mo$388.17$388.17$388.17
Insurance / mo$150.00$150.00$150.00
MI / mo$121.89$121.89$58.50
HOA / mo$89.92$89.92$89.92
Total monthly$2,598.56$2,850.59$2,711.79
Cash to close$66,104$32,500$32,500