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$509,698$509,698$773,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$264,293$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%5.406%7.640%
1st payment$2,575.22$2,575.22$5,358.96
2nd payment$0.00$1,706.89$0.00
Taxes / mo$490.25$490.25$490.25
Insurance / mo$216.67$216.67$216.67
MI / mo$414.42$414.42$154.80
HOA / mo$150.00$150.00$150.00
Total monthly$3,846.55$5,553.44$6,370.67
Cash to close$350,292$85,999$85,999