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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$476,749$476,749$629,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$153,161$0
Funding fee$0$0$0
Note rate7.22%7.22%7.18%
Blended rate7.77%7.826%7.42%
1st payment$3,321.82$3,321.82$4,267.23
2nd payment$0.00$1,021.07$0.00
Taxes / mo$163.25$163.25$163.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$125.98
HOA / mo$33.33$33.33$33.33
Total monthly$3,908.91$4,929.98$4,756.46
Cash to close$223,151$69,990$69,990