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$343,307$343,307$395,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$52,603$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.613%7.640%
1st payment$2,288.20$2,288.20$2,741.20
2nd payment$0.00$394.52$0.00
Taxes / mo$559.08$559.08$559.08
Insurance / mo$150.00$150.00$150.00
MI / mo$160.05$160.05$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,157.34$3,551.86$3,529.47
Cash to close$96,593$43,990$43,990