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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$413,337$413,337$431,991
Remaining term (yrs)28.028.030.0
Secondary amount$0$42,654$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.501%7.640%
1st payment$2,671.56$2,671.56$2,991.02
2nd payment$0.00$422.09$0.00
Taxes / mo$159.92$159.92$159.92
Insurance / mo$166.67$166.67$166.67
MI / mo$193.72$193.72$86.40
HOA / mo$78.00$78.00$78.00
Total monthly$3,269.86$3,691.96$3,482.00
Cash to close$66,653$24,000$47,999