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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$44,201$44,201$450,000
Remaining term (yrs)15.615.630.0
Secondary amount$0$405,799$0
Funding fee$0$0$0
Note rate3.9%3.9%7.18%
Blended rate4.75%7.455%7.42%
1st payment$314.57$314.57$3,048.46
2nd payment$0.00$2,620.79$0.00
Taxes / mo$195.33$195.33$195.33
Insurance / mo$166.67$166.67$166.67
MI / mo$47.24$47.24$90.00
HOA / mo$51.50$51.50$51.50
Total monthly$775.32$3,396.10$3,551.96
Cash to close$455,799$50,000$50,000