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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$275,134$275,134$337,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$62,276$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%6.611%7.42%
1st payment$1,615.73$1,615.73$2,285.73
2nd payment$0.00$467.07$0.00
Taxes / mo$380.42$380.42$380.42
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,354.10$2,821.17$2,883.63
Cash to close$99,766$37,490$37,490