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$444,492$444,492$490,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$46,008$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.015%7.640%
1st payment$2,859.82$2,859.82$3,396.12
2nd payment$0.00$345.06$0.00
Taxes / mo$561.09$561.09$561.09
Insurance / mo$166.67$166.67$166.67
MI / mo$212.66$212.66$98.10
HOA / mo$38.08$38.08$38.08
Total monthly$3,838.32$4,183.38$4,260.06
Cash to close$100,508$54,500$54,500