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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$433,655$433,655$472,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$38,845$0
Funding fee$0$0$0
Note rate6.71%6.71%7.18%
Blended rate7.26%7.403%7.42%
1st payment$2,907.65$2,907.65$3,200.88
2nd payment$0.00$291.34$0.00
Taxes / mo$150.67$150.67$150.67
Insurance / mo$166.67$166.67$166.67
MI / mo$206.32$206.32$94.50
HOA / mo$91.67$91.67$91.67
Total monthly$3,522.97$3,814.31$3,704.38
Cash to close$91,345$52,500$52,500