Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$410,305$410,305$439,191
Remaining term (yrs)27.127.130.0
Secondary amount$0$28,886$0
Funding fee$0$0$0
Note rate7.760%7.760%7.400%
Blended rate8.310%8.355%7.640%
1st payment$3,020.29$3,020.29$3,040.87
2nd payment$0.00$216.64$0.00
Taxes / mo$421.67$421.67$421.67
Insurance / mo$166.67$166.67$166.67
MI / mo$193.04$193.04$87.84
HOA / mo$62.33$62.33$62.33
Total monthly$3,863.99$4,080.64$3,779.37
Cash to close$77,685$48,799$48,799