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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$280,585$280,585$301,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$37,665$0
Funding fee$0$0$0
Note rate6.27%6.27%7.18%
Blended rate6.82%7.418%7.42%
1st payment$1,802.68$1,802.68$2,042.47
2nd payment$0.00$372.73$0.00
Taxes / mo$425.52$425.52$425.52
Insurance / mo$150.00$150.00$150.00
MI / mo$133.91$133.91$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,512.10$2,884.84$2,678.29
Cash to close$54,415$16,750$33,500