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$11,592$11,592$421,200
Remaining term (yrs)24.024.030.0
Secondary amount$0$409,608$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.730%7.640%
1st payment$79.40$79.40$2,916.30
2nd payment$0.00$2,645.39$0.00
Taxes / mo$209.33$209.33$209.33
Insurance / mo$166.67$166.67$166.67
MI / mo$5.48$5.48$84.24
HOA / mo$77.00$77.00$77.00
Total monthly$537.87$3,183.26$3,453.54
Cash to close$456,408$46,800$46,800