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$373,873$373,873$395,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$44,126$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.236%7.640%
1st payment$2,092.74$2,092.74$2,741.82
2nd payment$0.00$436.66$0.00
Taxes / mo$114.50$114.50$114.50
Insurance / mo$150.00$150.00$150.00
MI / mo$285.16$285.16$79.20
HOA / mo$10.00$10.00$10.00
Total monthly$2,652.39$3,089.05$3,095.52
Cash to close$66,126$22,000$44,000