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$73,921$73,921$450,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$376,079$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.200%7.640%
1st payment$501.33$501.33$3,115.71
2nd payment$0.00$2,428.84$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$78.59$78.59$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,163.26$3,592.10$3,789.04
Cash to close$426,079$50,000$50,000