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$431,547$431,547$445,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$38,703$0
Funding fee$0$0$0
Note rate6.26%6.26%7.18%
Blended rate6.81%7.227%7.42%
1st payment$2,783.33$2,783.33$3,017.97
2nd payment$0.00$383.00$0.00
Taxes / mo$140.33$140.33$140.33
Insurance / mo$166.67$166.67$166.67
MI / mo$206.97$206.97$89.10
HOA / mo$82.00$82.00$82.00
Total monthly$3,379.29$3,762.30$3,496.07
Cash to close$63,453$24,750$49,500