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$282,462$282,462$313,650
Remaining term (yrs)27.627.630.0
Secondary amount$0$31,188$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.847%7.640%
1st payment$1,956.88$1,956.88$2,171.65
2nd payment$0.00$233.91$0.00
Taxes / mo$394.83$394.83$394.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.53$132.53$62.73
HOA / mo$160.00$160.00$160.00
Total monthly$2,794.24$3,028.16$2,939.21
Cash to close$66,038$34,850$34,850