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$427,455$427,455$447,300
Remaining term (yrs)28.528.530.0
Secondary amount$0$44,695$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.507%7.640%
1st payment$2,743.14$2,743.14$3,097.01
2nd payment$0.00$442.29$0.00
Taxes / mo$453.50$453.50$453.50
Insurance / mo$166.67$166.67$166.67
MI / mo$198.91$198.91$89.46
HOA / mo$0.00$0.00$0.00
Total monthly$3,562.22$4,004.51$3,806.64
Cash to close$69,545$24,850$49,700