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$214,808$214,808$247,410
Remaining term (yrs)27.627.630.0
Secondary amount$0$32,602$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.889%7.640%
1st payment$1,488.18$1,488.18$1,713.02
2nd payment$0.00$244.52$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$100.79$100.79$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.05$2,099.56$2,028.58
Cash to close$60,092$27,490$27,490