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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$275,772$275,772$350,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$75,138$0
Funding fee$0$0$0
Note rate5.27%5.27%7.18%
Blended rate6.12%6.737%7.42%
1st payment$1,618.01$1,618.01$2,377.19
2nd payment$0.00$563.54$0.00
Taxes / mo$261.67$261.67$261.67
Insurance / mo$150.00$150.00$150.00
MI / mo$207.08$207.08$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,236.76$2,800.30$2,859.04
Cash to close$114,128$38,990$38,990