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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$429,458$429,458$517,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$88,042$0
Funding fee$0$0$0
Note rate6.54%6.54%7.18%
Blended rate7.09%7.415%7.42%
1st payment$2,842.56$2,842.56$3,505.73
2nd payment$0.00$660.32$0.00
Taxes / mo$80.50$80.50$80.50
Insurance / mo$166.67$166.67$166.67
MI / mo$205.27$205.27$103.50
HOA / mo$5.83$5.83$5.83
Total monthly$3,300.82$3,961.14$3,862.22
Cash to close$145,542$57,500$57,500