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$494,140$494,140$539,955
Remaining term (yrs)27.027.030.0
Secondary amount$0$45,815$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%7.737%7.640%
1st payment$3,414.37$3,414.37$3,738.54
2nd payment$0.00$343.61$0.00
Taxes / mo$499.96$499.96$499.96
Insurance / mo$166.67$166.67$166.67
MI / mo$233.57$233.57$107.99
HOA / mo$0.00$0.00$0.00
Total monthly$4,314.56$4,658.17$4,513.16
Cash to close$105,810$59,995$59,995