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$356,200$356,200$409,410
Remaining term (yrs)0.00.030.0
Secondary amount$0$53,210$0
Funding fee$0$0$0
Note rate0.000%0.000%7.400%
Blended rate0.550%1.648%7.640%
1st payment$29,683.33$29,683.33$2,834.67
2nd payment$0.00$399.08$0.00
Taxes / mo$379.08$379.08$379.08
Insurance / mo$166.67$166.67$166.67
MI / mo$163.26$163.26$81.88
HOA / mo$624.00$624.00$624.00
Total monthly$31,016.34$31,415.42$4,086.30
Cash to close$98,700$45,490$45,490