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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$408,163$408,163$499,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$91,337$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.413%7.42%
1st payment$2,075.91$2,075.91$3,383.79
2nd payment$0.00$685.03$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$166.67$166.67$166.67
MI / mo$317.12$317.12$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.45$3,356.48$3,762.10
Cash to close$146,837$55,500$55,500