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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$393,729$393,729$449,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$55,371$0
Funding fee$0$0$0
Note rate7.19%7.19%7.18%
Blended rate7.74%7.895%7.42%
1st payment$2,759.87$2,759.87$3,042.36
2nd payment$0.00$415.28$0.00
Taxes / mo$210.75$210.75$210.75
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$89.82
HOA / mo$95.00$95.00$95.00
Total monthly$3,418.83$3,834.11$3,604.60
Cash to close$105,271$49,900$49,900