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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$365,806$365,806$394,650
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,844$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.517%7.640%
1st payment$2,433.55$2,433.55$2,732.48
2nd payment$0.00$216.33$0.00
Taxes / mo$142.00$142.00$142.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.22$170.22$78.93
HOA / mo$28.00$28.00$28.00
Total monthly$2,923.77$3,140.10$3,131.41
Cash to close$72,694$43,850$43,850