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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$421,729$421,729$490,499
Remaining term (yrs)25.925.930.0
Secondary amount$0$68,770$0
Funding fee$0$0$0
Note rate5.22%5.22%7.18%
Blended rate6.07%6.481%7.42%
1st payment$2,472.86$2,472.86$3,322.81
2nd payment$0.00$515.78$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,123.05$3,638.83$3,752.83
Cash to close$123,270$54,500$54,500