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$473,773$473,773$562,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$88,727$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.745%7.640%
1st payment$3,246.34$3,246.34$3,894.64
2nd payment$0.00$665.45$0.00
Taxes / mo$443.67$443.67$443.67
Insurance / mo$166.67$166.67$166.67
MI / mo$224.55$224.55$112.50
HOA / mo$62.00$62.00$62.00
Total monthly$4,143.22$4,808.67$4,679.47
Cash to close$151,227$62,500$62,500