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$430,854$430,854$441,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$34,646$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.622%7.640%
1st payment$2,851.93$2,851.93$3,053.39
2nd payment$0.00$342.85$0.00
Taxes / mo$273.00$273.00$273.00
Insurance / mo$166.67$166.67$166.67
MI / mo$201.95$201.95$88.20
HOA / mo$23.00$23.00$23.00
Total monthly$3,516.54$3,859.39$3,604.26
Cash to close$59,146$24,500$49,000