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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$388,777$388,777$418,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$29,723$0
Funding fee$0$0$0
Note rate6.36%6.36%7.18%
Blended rate7.21%7.058%7.42%
1st payment$2,538.14$2,538.14$2,835.06
2nd payment$0.00$222.92$0.00
Taxes / mo$141.67$141.67$141.67
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$83.70
HOA / mo$69.33$69.33$69.33
Total monthly$3,102.56$3,325.48$3,296.43
Cash to close$76,223$46,500$46,500