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$207,393$207,393$220,410
Remaining term (yrs)26.626.630.0
Secondary amount$0$25,262$0
Funding fee$0$0$0
Note rate6.39%6.39%7.18%
Blended rate6.94%7.476%7.42%
1st payment$1,349.77$1,349.77$1,493.13
2nd payment$0.00$249.99$0.00
Taxes / mo$335.67$335.67$335.67
Insurance / mo$150.00$150.00$150.00
MI / mo$99.01$99.01$44.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,934.45$2,184.43$2,022.88
Cash to close$37,507$12,245$24,490