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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$87,884$87,884$458,100
Remaining term (yrs)28.728.730.0
Secondary amount$0$370,216$0
Funding fee$0$0$0
Note rate4.62%4.62%7.18%
Blended rate5.17%7.255%7.42%
1st payment$460.09$460.09$3,103.33
2nd payment$0.00$2,390.98$0.00
Taxes / mo$34.83$34.83$34.83
Insurance / mo$166.67$166.67$166.67
MI / mo$41.04$41.04$91.62
HOA / mo$158.00$158.00$158.00
Total monthly$860.63$3,251.61$3,554.45
Cash to close$421,116$50,900$50,900