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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$397,587$397,587$494,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$96,513$0
Funding fee$0$0$0
Note rate6.73%6.73%7.18%
Blended rate7.28%7.616%7.42%
1st payment$2,634.39$2,634.39$3,347.21
2nd payment$0.00$723.85$0.00
Taxes / mo$155.75$155.75$155.75
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$98.82
HOA / mo$65.00$65.00$65.00
Total monthly$3,208.34$3,932.19$3,833.44
Cash to close$151,413$54,900$54,900