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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$434,657$434,657$447,210
Remaining term (yrs)29.529.530.0
Secondary amount$0$37,398$0
Funding fee$0$0$0
Note rate6.22%6.22%7.18%
Blended rate6.77%7.174%7.42%
1st payment$2,680.71$2,680.71$3,029.56
2nd payment$0.00$370.08$0.00
Taxes / mo$141.50$141.50$141.50
Insurance / mo$166.67$166.67$166.67
MI / mo$200.18$200.18$89.44
HOA / mo$0.00$0.00$0.00
Total monthly$3,189.06$3,559.14$3,427.16
Cash to close$62,243$24,845$49,690