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$407,721$407,721$476,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$68,379$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%4.975%7.640%
1st payment$2,005.16$2,005.16$3,296.42
2nd payment$0.00$512.84$0.00
Taxes / mo$181.31$181.31$181.31
Insurance / mo$166.67$166.67$166.67
MI / mo$318.27$318.27$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,671.42$3,184.26$3,739.62
Cash to close$121,279$52,900$52,900