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$448,758$448,758$494,550
Remaining term (yrs)26.726.730.0
Secondary amount$0$45,792$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.085%7.640%
1st payment$2,902.99$2,902.99$3,424.16
2nd payment$0.00$343.44$0.00
Taxes / mo$426.62$426.62$426.62
Insurance / mo$166.67$166.67$166.67
MI / mo$214.06$214.06$98.91
HOA / mo$0.00$0.00$0.00
Total monthly$3,710.34$4,053.78$4,116.37
Cash to close$100,742$54,950$54,950