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$394,023$394,023$405,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$33,477$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.465%7.640%
1st payment$2,604.99$2,604.99$2,804.14
2nd payment$0.00$331.28$0.00
Taxes / mo$306.08$306.08$306.08
Insurance / mo$150.00$150.00$150.00
MI / mo$188.11$188.11$81.00
HOA / mo$175.00$175.00$175.00
Total monthly$3,424.19$3,755.47$3,516.22
Cash to close$55,977$22,500$45,000