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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$406,888$406,888$476,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$69,212$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%4.983%7.42%
1st payment$2,005.16$2,005.16$3,225.27
2nd payment$0.00$519.09$0.00
Taxes / mo$181.31$181.31$181.31
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.42$3,190.51$3,668.47
Cash to close$122,112$52,900$52,900