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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$382,487$382,487$666,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$283,513$0
Funding fee$0$0$0
Note rate6.78%6.78%7.18%
Blended rate7.33%7.509%7.42%
1st payment$2,546.79$2,546.79$4,511.72
2nd payment$0.00$1,831.02$0.00
Taxes / mo$251.83$251.83$251.83
Insurance / mo$216.67$216.67$216.67
MI / mo$179.42$179.42$133.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,194.71$5,025.73$5,113.42
Cash to close$357,513$74,000$74,000