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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$413,040$413,040$495,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$81,960$0
Funding fee$0$0$0
Note rate4.17%4.17%7.18%
Blended rate5.02%5.679%7.42%
1st payment$2,186.45$2,186.45$3,353.30
2nd payment$0.00$614.70$0.00
Taxes / mo$171.92$171.92$171.92
Insurance / mo$166.67$166.67$166.67
MI / mo$317.84$317.84$99.00
HOA / mo$83.00$83.00$83.00
Total monthly$2,925.88$3,540.58$3,873.89
Cash to close$136,960$55,000$55,000