Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$458,814$458,814$459,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$25,686$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.366%7.640%
1st payment$3,334.25$3,334.25$3,178.02
2nd payment$0.00$254.18$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,141.94$4,396.12$3,861.49
Cash to close$51,186$25,500$51,000