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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$417,951$417,951$441,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$47,549$0
Funding fee$0$0$0
Note rate4.98%4.98%7.18%
Blended rate5.83%6.447%7.42%
1st payment$2,406.60$2,406.60$2,987.49
2nd payment$0.00$470.54$0.00
Taxes / mo$187.92$187.92$187.92
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$88.20
HOA / mo$132.00$132.00$132.00
Total monthly$3,211.46$3,682.00$3,562.27
Cash to close$72,049$24,500$49,000