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$353,774$353,774$404,991
Remaining term (yrs)28.728.730.0
Secondary amount$0$51,217$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.611%7.640%
1st payment$2,349.27$2,349.27$2,804.08
2nd payment$0.00$384.12$0.00
Taxes / mo$457.33$457.33$457.33
Insurance / mo$150.00$150.00$150.00
MI / mo$164.16$164.16$81.00
HOA / mo$186.67$186.67$186.67
Total monthly$3,307.43$3,691.55$3,679.08
Cash to close$96,216$44,999$44,999