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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$434,470$434,470$495,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$60,530$0
Funding fee$0$0$0
Note rate6.66%6.66%7.18%
Blended rate7.21%7.429%7.42%
1st payment$2,877.04$2,877.04$3,353.30
2nd payment$0.00$453.98$0.00
Taxes / mo$181.92$181.92$181.92
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,430.82$3,884.80$3,800.89
Cash to close$115,530$55,000$55,000