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$448,304$448,304$472,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$50,446$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.916%7.640%
1st payment$3,026.09$3,026.09$3,271.49
2nd payment$0.00$499.20$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$210.16$210.16$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,840.42$4,339.62$3,970.16
Cash to close$76,696$26,250$52,500