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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$391,712$391,712$436,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$44,788$0
Funding fee$0$0$0
Note rate5.23%5.23%7.18%
Blended rate6.08%6.38%7.42%
1st payment$2,309.70$2,309.70$2,957.00
2nd payment$0.00$335.91$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$166.67$166.67$166.67
MI / mo$296.94$296.94$87.30
HOA / mo$48.33$48.33$48.33
Total monthly$2,945.06$3,280.97$3,382.72
Cash to close$93,288$48,500$48,500