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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$437,782$437,782$459,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$46,718$0
Funding fee$0$0$0
Note rate4.99%4.99%7.18%
Blended rate5.54%6.151%7.42%
1st payment$2,361.77$2,361.77$3,109.43
2nd payment$0.00$462.32$0.00
Taxes / mo$147.58$147.58$147.58
Insurance / mo$166.67$166.67$166.67
MI / mo$201.88$201.88$91.80
HOA / mo$65.00$65.00$65.00
Total monthly$2,942.89$3,405.21$3,580.48
Cash to close$72,218$25,500$51,000