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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$383,681$383,681$476,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$93,229$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.798%7.42%
1st payment$2,034.74$2,034.74$3,230.75
2nd payment$0.00$699.21$0.00
Taxes / mo$156.92$156.92$156.92
Insurance / mo$166.67$166.67$166.67
MI / mo$295.79$295.79$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,654.11$3,353.33$3,649.72
Cash to close$146,219$52,990$52,990