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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$374,909$374,909$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,841$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.042%7.640%
1st payment$2,385.15$2,385.15$2,648.35
2nd payment$0.00$285.41$0.00
Taxes / mo$135.42$135.42$135.42
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,850.58$3,135.99$3,010.27
Cash to close$50,091$21,250$42,500