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$333,802$333,802$359,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,108$0
Funding fee$0$0$0
Note rate7.06%7.06%7.18%
Blended rate7.61%7.711%7.42%
1st payment$2,288.33$2,288.33$2,438.16
2nd payment$0.00$195.81$0.00
Taxes / mo$558.83$558.83$558.83
Insurance / mo$150.00$150.00$150.00
MI / mo$156.70$156.70$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,153.86$3,349.67$3,218.97
Cash to close$66,098$39,990$39,990