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$437,652$437,652$566,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$129,258$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.850%7.640%
1st payment$2,077.60$2,077.60$3,925.17
2nd payment$0.00$861.72$0.00
Taxes / mo$524.92$524.92$524.92
Insurance / mo$166.67$166.67$166.67
MI / mo$345.95$345.95$113.38
HOA / mo$480.00$480.00$480.00
Total monthly$3,595.13$4,456.85$5,210.14
Cash to close$192,248$62,990$62,990