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$403,985$403,985$440,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$36,115$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%6.990%7.640%
1st payment$2,602.37$2,602.37$3,047.16
2nd payment$0.00$270.86$0.00
Taxes / mo$92.42$92.42$92.42
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,054.97$3,325.83$3,394.27
Cash to close$85,015$48,900$48,900