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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$81,865$81,865$400,500
Remaining term (yrs)7.57.530.0
Secondary amount$0$318,635$0
Funding fee$0$0$0
Note rate3.72%3.72%7.18%
Blended rate4.57%7.1%7.42%
1st payment$1,033.85$1,033.85$2,713.13
2nd payment$0.00$2,057.85$0.00
Taxes / mo$73.75$73.75$73.75
Insurance / mo$150.00$150.00$150.00
MI / mo$100.91$100.91$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,358.50$3,416.35$3,016.98
Cash to close$363,135$44,500$44,500