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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$273,341$273,341$297,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$40,159$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.869%7.42%
1st payment$1,811.14$1,811.14$2,011.98
2nd payment$0.00$397.41$0.00
Taxes / mo$287.25$287.25$287.25
Insurance / mo$150.00$150.00$150.00
MI / mo$128.25$128.25$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,376.63$2,774.05$2,508.63
Cash to close$56,659$16,500$33,000