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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$246,985$246,985$315,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$68,015$0
Funding fee$0$0$0
Note rate6.93%6.93%7.11%
Blended rate7.48%7.808%7.35%
1st payment$1,659.21$1,659.21$2,119.03
2nd payment$0.00$510.11$0.00
Taxes / mo$265.83$265.83$265.83
Insurance / mo$150.00$150.00$150.00
MI / mo$115.12$115.12$63.00
HOA / mo$170.00$170.00$170.00
Total monthly$2,360.16$2,870.27$2,767.86
Cash to close$103,015$35,000$35,000