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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$23,959$23,959$405,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$381,041$0
Funding fee$0$0$0
Note rate3.98%3.98%7.18%
Blended rate4.83%7.577%7.42%
1st payment$162.93$162.93$2,743.61
2nd payment$0.00$2,460.89$0.00
Taxes / mo$132.08$132.08$132.08
Insurance / mo$150.00$150.00$150.00
MI / mo$24.23$24.23$81.00
HOA / mo$95.33$95.33$95.33
Total monthly$564.58$3,025.47$3,202.02
Cash to close$426,041$45,000$45,000