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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$269,365$269,365$283,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$29,885$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.532%7.42%
1st payment$1,723.50$1,723.50$1,920.53
2nd payment$0.00$295.73$0.00
Taxes / mo$267.75$267.75$267.75
Insurance / mo$150.00$150.00$150.00
MI / mo$124.98$124.98$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,266.22$2,561.96$2,394.98
Cash to close$45,635$15,750$31,500