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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$407,721$407,721$418,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$34,029$0
Funding fee$0$0$0
Note rate5.78%5.78%7.18%
Blended rate6.63%7.034%7.42%
1st payment$2,535.54$2,535.54$2,835.06
2nd payment$0.00$336.74$0.00
Taxes / mo$143.67$143.67$143.67
Insurance / mo$166.67$166.67$166.67
MI / mo$306.76$306.76$83.70
HOA / mo$134.00$134.00$134.00
Total monthly$3,286.63$3,623.37$3,363.10
Cash to close$57,279$23,250$46,500