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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$409,647$409,647$495,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,353$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%5.367%7.42%
1st payment$2,083.46$2,083.46$3,353.30
2nd payment$0.00$640.15$0.00
Taxes / mo$122.00$122.00$122.00
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,690.40$3,330.55$3,740.97
Cash to close$140,353$55,000$55,000