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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$454,757$454,757$526,410
Remaining term (yrs)29.029.030.0
Secondary amount$0$71,653$0
Funding fee$0$0$0
Note rate6.5%6.5%7.18%
Blended rate7.05%7.315%7.42%
1st payment$2,904.05$2,904.05$3,566.08
2nd payment$0.00$537.39$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$166.67$166.67$166.67
MI / mo$210.58$210.58$105.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,430.88$3,968.28$3,987.62
Cash to close$130,143$58,490$58,490