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$469,384$469,384$539,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$69,716$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.529%7.640%
1st payment$3,091.89$3,091.89$3,732.62
2nd payment$0.00$522.87$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$218.27$218.27$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,975.99$4,498.86$4,506.27
Cash to close$129,616$59,900$59,900