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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$226,508$226,508$247,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,647$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%7.100%7.640%
1st payment$1,368.90$1,368.90$1,713.02
2nd payment$0.00$342.86$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,805.55$2,148.41$2,028.75
Cash to close$48,392$13,745$27,490