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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$410,001$410,001$502,200
Remaining term (yrs)27.527.530.0
Secondary amount$0$92,199$0
Funding fee$0$0$0
Note rate6.82%6.82%7.18%
Blended rate7.37%7.669%7.42%
1st payment$2,751.82$2,751.82$3,402.08
2nd payment$0.00$691.49$0.00
Taxes / mo$178.75$178.75$178.75
Insurance / mo$166.67$166.67$166.67
MI / mo$193.07$193.07$100.44
HOA / mo$99.00$99.00$99.00
Total monthly$3,389.30$4,080.79$3,946.93
Cash to close$147,999$55,800$55,800