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$447,451$447,451$535,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$88,049$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.780%7.640%
1st payment$2,117.37$2,117.37$3,707.69
2nd payment$0.00$660.37$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$351.23$351.23$107.10
HOA / mo$336.00$336.00$336.00
Total monthly$3,467.10$4,127.47$4,813.29
Cash to close$147,549$59,500$59,500