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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$419,649$419,649$445,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$25,851$0
Funding fee$0$0$0
Note rate6.15%6.15%7.18%
Blended rate6.7%6.833%7.42%
1st payment$2,681.02$2,681.02$3,017.97
2nd payment$0.00$193.88$0.00
Taxes / mo$142.75$142.75$142.75
Insurance / mo$166.67$166.67$166.67
MI / mo$201.70$201.70$89.10
HOA / mo$59.33$59.33$59.33
Total monthly$3,251.46$3,445.35$3,475.82
Cash to close$75,351$49,500$49,500