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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$468,467$468,467$562,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$94,033$0
Funding fee$0$0$0
Note rate6.34%6.34%7.18%
Blended rate6.89%7.243%7.42%
1st payment$3,037.71$3,037.71$3,810.57
2nd payment$0.00$705.24$0.00
Taxes / mo$240.25$240.25$240.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.99$223.99$112.50
HOA / mo$124.00$124.00$124.00
Total monthly$3,792.62$4,497.86$4,453.99
Cash to close$156,533$62,500$62,500