Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$223,263$223,263$449,909
Remaining term (yrs)4.04.030.0
Secondary amount$0$226,646$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.442%7.640%
1st payment$5,208.30$5,208.30$3,115.08
2nd payment$0.00$1,463.75$0.00
Taxes / mo$77.08$77.08$77.08
Insurance / mo$166.67$166.67$166.67
MI / mo$121.77$121.77$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$5,573.82$7,037.57$3,448.81
Cash to close$276,636$49,990$49,990