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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$363,756$363,756$386,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$44,649$0
Funding fee$0$0$0
Note rate7.19%7.19%7.18%
Blended rate7.74%8.192%7.42%
1st payment$2,544.64$2,544.64$2,621.06
2nd payment$0.00$441.84$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$150.00$150.00$150.00
MI / mo$171.99$171.99$77.38
HOA / mo$60.00$60.00$60.00
Total monthly$3,133.38$3,575.22$3,115.20
Cash to close$66,144$21,495$42,990