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$404,347$404,347$449,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$45,563$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.436%7.640%
1st payment$2,708.14$2,708.14$3,115.09
2nd payment$0.00$341.73$0.00
Taxes / mo$392.75$392.75$392.75
Insurance / mo$166.67$166.67$166.67
MI / mo$192.16$192.16$89.98
HOA / mo$85.00$85.00$85.00
Total monthly$3,544.72$3,886.44$3,849.48
Cash to close$95,553$49,990$49,990