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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$378,636$378,636$441,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$62,364$0
Funding fee$0$0$0
Note rate6.71%6.71%7.18%
Blended rate7.26%7.506%7.42%
1st payment$2,530.39$2,530.39$2,987.49
2nd payment$0.00$467.73$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$166.67$166.67$166.67
MI / mo$179.55$179.55$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,045.27$3,513.00$3,411.02
Cash to close$111,364$49,000$49,000