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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$496,517$496,517$517,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$49,733$0
Funding fee$0$0$0
Note rate6.36%6.36%7.18%
Blended rate7.21%7.635%7.42%
1st payment$3,241.52$3,241.52$3,505.73
2nd payment$0.00$492.15$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$166.67$166.67$166.67
MI / mo$368.62$368.62$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,922.13$4,414.28$3,921.23
Cash to close$78,483$28,750$57,500