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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$413,899$413,899$427,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,351$0
Funding fee$0$0$0
Note rate5.09%5.09%7.18%
Blended rate5.94%6.431%7.42%
1st payment$2,406.23$2,406.23$2,896.03
2nd payment$0.00$369.62$0.00
Taxes / mo$154.92$154.92$154.92
Insurance / mo$166.67$166.67$166.67
MI / mo$314.27$314.27$85.50
HOA / mo$175.00$175.00$175.00
Total monthly$3,217.09$3,586.71$3,478.12
Cash to close$61,101$23,750$47,500