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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$420,440$420,440$494,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$73,660$0
Funding fee$0$0$0
Note rate5.41%5.41%7.18%
Blended rate6.26%6.668%7.42%
1st payment$2,516.77$2,516.77$3,347.21
2nd payment$0.00$552.45$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$166.67$166.67$166.67
MI / mo$317.12$317.12$98.82
HOA / mo$370.00$370.00$370.00
Total monthly$3,493.97$4,046.42$4,106.11
Cash to close$128,560$54,900$54,900