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$336,765$336,765$450,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$113,235$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.596%7.640%
1st payment$2,418.14$2,418.14$3,115.71
2nd payment$0.00$754.90$0.00
Taxes / mo$259.33$259.33$259.33
Insurance / mo$166.67$166.67$166.67
MI / mo$158.09$158.09$90.00
HOA / mo$302.00$302.00$302.00
Total monthly$3,304.23$4,059.13$3,933.71
Cash to close$163,235$50,000$50,000