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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$483,067$483,067$525,510
Remaining term (yrs)28.528.530.0
Secondary amount$0$42,443$0
Funding fee$0$0$0
Note rate6.64%6.64%7.18%
Blended rate7.19%7.336%7.42%
1st payment$3,147.13$3,147.13$3,559.99
2nd payment$0.00$318.32$0.00
Taxes / mo$157.67$157.67$157.67
Insurance / mo$166.67$166.67$166.67
MI / mo$224.92$224.92$105.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,696.39$4,014.71$3,989.42
Cash to close$100,833$58,390$58,390