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$22,138$22,138$416,250
Remaining term (yrs)25.425.430.0
Secondary amount$0$394,112$0
Funding fee$0$0$0
Note rate6.060%6.060%7.400%
Blended rate6.610%7.689%7.640%
1st payment$142.25$142.25$2,882.03
2nd payment$0.00$2,545.30$0.00
Taxes / mo$137.25$137.25$137.25
Insurance / mo$166.67$166.67$166.67
MI / mo$10.23$10.23$83.25
HOA / mo$0.00$0.00$0.00
Total monthly$456.40$3,001.70$3,269.20
Cash to close$440,362$46,250$46,250