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$0$0$404,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$404,100$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.750%7.640%
1st payment$20,719.38$20,719.38$2,797.91
2nd payment$0.00$2,609.81$0.00
Taxes / mo$487.72$487.72$487.72
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$21,466.99$24,076.80$3,516.45
Cash to close$449,000$44,900$44,900