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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$395,110$395,110$404,100
Remaining term (yrs)29.329.330.0
Secondary amount$0$31,440$0
Funding fee$0$0$0
Note rate5.25%5.25%7.18%
Blended rate5.8%6.248%7.42%
1st payment$2,199.71$2,199.71$2,737.51
2nd payment$0.00$311.12$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$150.00$150.00$150.00
MI / mo$182.58$182.58$80.82
HOA / mo$124.00$124.00$124.00
Total monthly$2,911.12$3,222.24$3,347.17
Cash to close$53,890$22,450$44,900