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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$255,952$255,952$319,499
Remaining term (yrs)27.127.130.0
Secondary amount$0$63,547$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%7.983%7.640%
1st payment$1,785.26$1,785.26$2,212.15
2nd payment$0.00$476.61$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$120.79$120.79$63.90
HOA / mo$465.00$465.00$465.00
Total monthly$2,883.54$3,360.15$3,253.55
Cash to close$99,047$35,500$35,500