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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$17,461$17,461$467,991
Remaining term (yrs)25.425.430.0
Secondary amount$0$450,530$0
Funding fee$0$0$0
Note rate6.93%6.93%7.18%
Blended rate7.48%7.74%7.42%
1st payment$121.74$121.74$3,170.33
2nd payment$0.00$2,909.68$0.00
Taxes / mo$156.50$156.50$156.50
Insurance / mo$166.67$166.67$166.67
MI / mo$8.17$8.17$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$453.07$3,362.74$3,587.10
Cash to close$502,529$51,999$51,999