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$452,303$452,303$472,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$46,447$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.536%7.640%
1st payment$2,929.06$2,929.06$3,271.49
2nd payment$0.00$459.63$0.00
Taxes / mo$356.58$356.58$356.58
Insurance / mo$166.67$166.67$166.67
MI / mo$211.51$211.51$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,663.83$4,123.46$3,889.24
Cash to close$72,697$26,250$52,500