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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$374,909$374,909$432,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$57,091$0
Funding fee$0$0$0
Note rate6.12%6.12%7.18%
Blended rate6.67%6.978%7.42%
1st payment$2,385.15$2,385.15$2,926.52
2nd payment$0.00$428.18$0.00
Taxes / mo$182.67$182.67$182.67
Insurance / mo$166.67$166.67$166.67
MI / mo$180.01$180.01$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,914.50$3,342.68$3,362.25
Cash to close$105,091$48,000$48,000