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$336,798$336,798$463,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$126,702$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.131%7.640%
1st payment$2,449.80$2,449.80$3,209.18
2nd payment$0.00$844.68$0.00
Taxes / mo$208.92$208.92$208.92
Insurance / mo$166.67$166.67$166.67
MI / mo$158.56$158.56$92.70
HOA / mo$53.00$53.00$53.00
Total monthly$3,036.95$3,881.63$3,730.46
Cash to close$178,202$51,500$51,500