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$332,725$332,725$425,700
Remaining term (yrs)26.026.030.0
Secondary amount$0$92,975$0
Funding fee$0$0$0
Note rate6.700%6.700%7.400%
Blended rate7.550%7.867%7.640%
1st payment$2,249.25$2,249.25$2,947.46
2nd payment$0.00$697.31$0.00
Taxes / mo$519.92$519.92$519.92
Insurance / mo$166.67$166.67$166.67
MI / mo$246.90$246.90$85.14
HOA / mo$0.00$0.00$0.00
Total monthly$3,182.73$3,880.04$3,719.18
Cash to close$140,275$47,300$47,300