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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$395,625$395,625$463,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$67,875$0
Funding fee$0$0$0
Note rate6.77%6.77%7.18%
Blended rate7.32%7.566%7.42%
1st payment$2,645.21$2,645.21$3,139.91
2nd payment$0.00$509.06$0.00
Taxes / mo$133.08$133.08$133.08
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,131.50$3,640.56$3,532.36
Cash to close$119,375$51,500$51,500