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$324,777$324,777$333,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$26,723$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.130%7.640%
1st payment$2,033.27$2,033.27$2,305.62
2nd payment$0.00$264.45$0.00
Taxes / mo$135.00$135.00$135.00
Insurance / mo$150.00$150.00$150.00
MI / mo$243.08$243.08$66.60
HOA / mo$240.00$240.00$240.00
Total monthly$2,801.34$3,065.79$2,897.22
Cash to close$45,223$18,500$37,000