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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$475,364$475,364$508,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$33,136$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.476%7.42%
1st payment$3,190.51$3,190.51$3,444.76
2nd payment$0.00$248.52$0.00
Taxes / mo$122.42$122.42$122.42
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$101.70
HOA / mo$345.00$345.00$345.00
Total monthly$4,048.45$4,296.97$4,180.54
Cash to close$89,636$56,500$56,500