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$409,852$409,852$431,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$46,053$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%8.203%7.640%
1st payment$2,830.54$2,830.54$2,990.46
2nd payment$0.00$455.73$0.00
Taxes / mo$421.00$421.00$421.00
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$86.38
HOA / mo$70.33$70.33$70.33
Total monthly$3,791.73$4,247.46$3,734.84
Cash to close$70,048$23,995$47,990