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$413,286$413,286$422,991
Remaining term (yrs)27.227.230.0
Secondary amount$0$33,204$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%8.140%7.640%
1st payment$2,909.84$2,909.84$2,928.70
2nd payment$0.00$328.58$0.00
Taxes / mo$391.66$391.66$391.66
Insurance / mo$166.67$166.67$166.67
MI / mo$194.73$194.73$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,662.90$3,991.48$3,571.63
Cash to close$56,704$23,500$46,999