Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$324,859$324,859$332,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,546$0
Funding fee$0$0$0
Note rate6.99%6.99%7.18%
Blended rate7.54%7.867%7.42%
1st payment$2,212.07$2,212.07$2,255.25
2nd payment$0.00$262.69$0.00
Taxes / mo$300.25$300.25$300.25
Insurance / mo$150.00$150.00$150.00
MI / mo$152.55$152.55$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,814.87$3,077.56$2,772.08
Cash to close$45,041$18,495$36,990