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$382,407$382,407$449,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$67,503$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.671%7.640%
1st payment$2,285.74$2,285.74$3,115.09
2nd payment$0.00$506.27$0.00
Taxes / mo$295.58$295.58$295.58
Insurance / mo$166.67$166.67$166.67
MI / mo$288.01$288.01$89.98
HOA / mo$90.00$90.00$90.00
Total monthly$3,126.00$3,632.27$3,757.32
Cash to close$117,493$49,990$49,990