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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$298,151$298,151$310,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$29,504$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.603%7.640%
1st payment$2,085.93$2,085.93$2,149.22
2nd payment$0.00$291.97$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,550.01$2,841.97$2,535.46
Cash to close$46,749$17,245$34,490