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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$421,717$421,717$427,410
Remaining term (yrs)28.828.830.0
Secondary amount$0$29,438$0
Funding fee$0$0$0
Note rate6.56%6.56%7.18%
Blended rate7.11%7.421%7.42%
1st payment$2,714.79$2,714.79$2,895.42
2nd payment$0.00$291.31$0.00
Taxes / mo$115.83$115.83$115.83
Insurance / mo$166.67$166.67$166.67
MI / mo$195.64$195.64$85.48
HOA / mo$135.00$135.00$135.00
Total monthly$3,327.93$3,619.24$3,398.41
Cash to close$53,183$23,745$47,490