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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$392,417$392,417$436,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$44,083$0
Funding fee$0$0$0
Note rate6.67%6.67%7.18%
Blended rate7.22%7.4%7.42%
1st payment$2,618.15$2,618.15$2,957.00
2nd payment$0.00$330.62$0.00
Taxes / mo$210.75$210.75$210.75
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$87.30
HOA / mo$95.00$95.00$95.00
Total monthly$3,277.10$3,607.73$3,516.72
Cash to close$92,583$48,500$48,500