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$440,402$440,402$445,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$29,848$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.851%7.640%
1st payment$2,695.15$2,695.15$3,084.55
2nd payment$0.00$295.37$0.00
Taxes / mo$313.92$313.92$313.92
Insurance / mo$166.67$166.67$166.67
MI / mo$330.36$330.36$89.10
HOA / mo$105.00$105.00$105.00
Total monthly$3,611.10$3,906.47$3,759.24
Cash to close$54,598$24,750$49,500