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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$468,075$468,075$493,200
Remaining term (yrs)26.826.830.0
Secondary amount$0$25,125$0
Funding fee$0$0$0
Note rate7.19%7.19%7.18%
Blended rate7.74%7.804%7.42%
1st payment$3,281.00$3,281.00$3,341.11
2nd payment$0.00$188.44$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$166.67$166.67$166.67
MI / mo$221.76$221.76$98.64
HOA / mo$126.00$126.00$126.00
Total monthly$4,086.18$4,274.62$4,023.17
Cash to close$79,925$54,800$54,800