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$463,088$463,088$738,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$274,912$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.417%7.640%
1st payment$3,089.65$3,089.65$5,109.76
2nd payment$0.00$1,775.48$0.00
Taxes / mo$1,278.03$1,278.03$1,278.03
Insurance / mo$216.67$216.67$216.67
MI / mo$220.13$220.13$147.60
HOA / mo$150.00$150.00$150.00
Total monthly$4,954.49$6,729.96$6,902.06
Cash to close$356,912$82,000$82,000