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$372,786$372,786$378,900
Remaining term (yrs)27.127.130.0
Secondary amount$0$27,164$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.422%7.640%
1st payment$2,709.08$2,709.08$2,623.43
2nd payment$0.00$268.81$0.00
Taxes / mo$43.92$43.92$43.92
Insurance / mo$150.00$150.00$150.00
MI / mo$175.51$175.51$75.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,078.51$3,347.32$2,893.12
Cash to close$48,214$21,050$42,100