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$1,891$1,891$427,500
Remaining term (yrs)37.537.530.0
Secondary amount$0$425,609$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.748%7.640%
1st payment$11.44$11.44$2,959.92
2nd payment$0.00$2,748.73$0.00
Taxes / mo$140.94$140.94$140.94
Insurance / mo$166.67$166.67$166.67
MI / mo$0.88$0.88$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$319.92$3,068.65$3,353.03
Cash to close$473,109$47,500$47,500