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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$443,429$443,429$526,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$83,071$0
Funding fee$0$0$0
Note rate6.69%6.69%7.18%
Blended rate7.24%7.518%7.42%
1st payment$2,967.48$2,967.48$3,566.69
2nd payment$0.00$623.04$0.00
Taxes / mo$203.83$203.83$203.83
Insurance / mo$166.67$166.67$166.67
MI / mo$210.99$210.99$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,548.98$4,172.01$4,042.49
Cash to close$141,571$58,500$58,500